Alexa

Deutsche Boerse profits halve on weak trading

Deutsche Boerse profits halve on weak trading

Deutsche Boerse AG says its third-quarter net profit almost halved to (EURO)159.9 million ($206.3 million) from (EURO)317 million in the same period last year.
The Frankfurt, Germany-based exchange operator said in a statement Monday that profits suffered from weak trading volumes.
Net revenue fell 19 percent to (EURO)471 million in the July-September period.
The company expects full-year net revenue to come in at around (EURO)1.95 billion for 2012.
Deutsche Boerse was blocked by European regulators earlier this year from purchasing rival NYSE Euronext.


Updated : 2020-12-03 12:02 GMT+08:00