SAO PAULO Aug 8 BM&FBovespa SA,
which runs Brazil's sole listed financial exchange, expects
sales, general and administrative expenses at the low end of its
target range of 595 million reais to 615 million reais ($258
million to $267 million) for this year, Chief Financial Officer
Daniel Sonder said.
Strict expense controls helped BM&FBovespa post
second-quarter net income that beat analysts estimates on
Thursday. Profit at the São Paulo-based company reached 250.1
million reais, compared with an average estimate of 249 million
reais, according to a Reuters poll of seven analysts.
($1 = 2.3029 Brazilian reais)
(Reporting by Guillermo Parra-Bernal; Editing by Jeffrey