TORONTO — TMX Group Ltd. says its profits and revenues increased in the first quarter despite elevated volatility and geopolitical events that affected equity trading in sa¹ú¼Ê´«Ã½ and around the world.
The company, which operates the Toronto Stock Exchange, says its net income attributable to shareholders was $267.4 million or $4.75 per diluted share, up from $96.4 million or $1.70 per share a year earlier.
The results included a gain of $3.16 per share from the voting control of Box Holdings Group LLC, an all-electronic equity options market, on Jan. 3.
Excluding one-time items such as the $178-million gain on Box, adjusted net income fell three per cent to $102.7 million or $1.82 per diluted share, down from $106.4 million or $1.88 per share in the first quarter of 2020.
Revenues for the three months ended March 31 were $287.1 million, up 14 per cent from $252 million in the prior year's quarter. It included $33 million from Box and $8.8 million from AST sa¹ú¼Ê´«Ã½. Excluding several acquisitions, revenues were down three per cent.
TMX was expected to earn $1.73 in adjusted profits on $261.2 million in revenues, according to financial data firm Refinitiv.
This report by The Canadian Press was first published May 2, 2022.
Companies in this story: (TSX:X)
The Canadian Press