NZX H1 profit up 18 percent

WELLINGTON, July 24 | Wed Jul 23, 2008 4:55pm EDT

WELLINGTON, July 24 (Reuters) - New Zealand stock exchange operator NZX Ltd NZX.NZ on Thursday reported an 18 percent in half year profit due to growth in its market information business.

The company posted a net profit of NZ$4.97 million ($3.7 million) for the six months to June 30, compared with NZ$4.2 million a year earlier. Shares in NZX closed on Wednesday at NZ$7.00, having traded between NZ$6.55 and NZ$11.70 over the past year.

NZX is the second smallest of the listed bourses in the Asia-Pacific region. ($1=NZ$1.33)

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