July 30, 2008 / 4:46 PM / 9 years ago

TMX Group profit up 26 percent with Montreal added

TORONTO, July 30 (Reuters) - Canadian exchange operator TMX Group Inc (X.TO) said on Wednesday its second-quarter profit rose 26 percent as its business was bolstered by the acquisition of the Montreal Exchange derivatives bourse.

TMX Group, which also runs the Toronto Stock Exchange, said net income was C$49.2 million ($48.2 million), or 65 Canadian cents a share, in the three months ended June 30. That compares with profit of C$39.1 million, or 57 Canadian cents a share, in the same 2007 period.

The second quarter included two months of results from Montreal Exchange, which TMX Group acquired on May 1. ($1=$1.02 Canadian) (Reporting by Lynne Olver; Editing by Peter Galloway)

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