TORONTO — TMX Group Inc. saw its revenue and earnings go up in the third quarter of 2022 compared to the same period last year and announcing a dividend of 83 cents per common share Wednesday.
The company, which operates the Toronto Stock Exchange, says its net income attributable to shareholders for the quarter ended Sept. 30 was $81 million or $1.45 per diluted share, up from $76.9 million or $1.36 per share in the third quarter last year.
Revenue was also up year over year at $269.3 million, up 16 per cent compared to $231.3 million.
Toronto-based TMX says a contributor to the increase in net income was Box Holdings Group LLC, an all-electronic equity options market of which TMX Group obtained voting control in January. Â
TMX chief financial officer David Arnold said the company managed to keep operating expense increases for the business, excluding Box and AST sa¹ú¼Ê´«Ã½, well below the Canadian inflation rate.
The company acquired AST sa¹ú¼Ê´«Ã½ in August 2021.Â
This report by The Canadian Press was first published Oct. 26, 2022.
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The Canadian Press