August 9, 2018 / 12:09 AM / 4 months ago

TMX posts higher quarterly profit on asset sale

Aug 8 (Reuters) - Canada's biggest stock exchange operator TMX Group reported a nearly 44 percent increase in quarterly profit on Wednesday, helped by a C$26.8 million gain on the sale of its interest in FTSE TMX Global Debt Capital Markets Ltd.

Net income rose to C$95.6 million ($73.45 million), or C$1.71 per share, for the second quarter ended June 30, from C$66.5 million, or C$1.19 per share, a year earlier.

TMX reported adjusted earnings per share of C$1.34 in the quarter.

Revenue rose 19.8 percent to C$209.5 million. ($1 = 1.3015 Canadian dollars) (Reporting by Karan Nagarkatti in Bengaluru; editing by Diane Craft)

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