October 29, 2008 / 6:04 PM / 10 years ago

UPDATE 1-TMX Group reports higher profit on MX integration

*EPS 66 Canadian cents vs 62 Canadian cents

*TMX shares up 4.4 percent at C$26.05

(Adds details)

TORONTO, Oct 29 (Reuters) - Canadian stock exchange operator TMX Group Inc (X.TO) said on Wednesday its third-quarter profit rose 19 percent, helped by higher revenues related to the integration of the Montreal Exchange, which it acquired earlier this year.

TMX Group, which operates the Toronto Stock Exchange, said net income was C$50.9 million ($41.4 million), or 66 Canadian cents a share, in the three months ended Sept 30. That compares with profit of C$42.7 million, or 62 Canadian cents a share, in the year-earlier period.

Shares of TMX rose 4.4 percent to C$26.05 at midafternoon on the Toronto Stock Exchange. ($1=$1.23 Canadian) (Reporting by Jennifer Kwan; Editing by Peter Galloway)

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