TMX Group profit falls on lower revenue and higher compensation

Financial Post Friday 11th May, 2012

TMX Group Inc. reported a first-quarter profit of $56.8-million, or 76 cents per share, sliding 10% from $63.1-million, or 85 cents during the same quarter last year. The company that owns and operates the Toronto Stock Exchange said the drop in profit was due to lower revenues, higher benefits and compensation as well as greater expenses related to information and trading systems.

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