August 7, 2014 / 11:30 PM / 4 years ago

TMX writes down options investment, takes loss

TORONTO (Reuters) - TMX Group Ltd (X.TO), the operator of the Toronto Stock Exchange, took a massive writedown on its U.S. options investment that pushed it to a loss in the second quarter, but it reported a 13 percent rise in adjusted profit on flat revenue on Thursday.

A TMX Group sign, the company that runs the Toronto Stock Exchange (TSX), is seen in Toronto, June 23, 2014. REUTERS/Mark Blinch

    The net loss attributable to shareholders was C$26.4 million, or a loss of 49 Canadian cents per share, compared with a profit of C$25.5 million, or 47 Canadian cents per share, a year earlier.

    Excluding a C$128.4 million pre-tax non-cash impairment charge related to its Box U.S. options business and other costs, the company earned C$1.01 per share.

    Reporting by Alastair Sharp; Editing by Ken Wills

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