The NZX reported higher earnings for the year ended December, reflecting a large cutback in operating costs. Earnings before interest and tax were up 45.5% to $21.2million and the reported profit of $14.8million was up more than 60% on the $9.2 million in the previous corresponding period. New debt market listings last year included Summerset Group, Heartland Bank, Property for Industry and Christchurch Holdings. The 2018 financial year would set the platform for the exchange's future growth, Mr Peterson said. For the 2018 financial year, the board expected operational earnings to be in the range of $29million to $31million.

Source: Otago Daily Times February 19, 2018 15:56 UTC