Slight Rise in Profit for OMX

Nordic bourse owner and trading systems firm OMX reported a slight rise in second-quarter operating profit on Wednesday due to strong equity markets, virtually in line with consensus.

Operating profit was US $26.43 million and the number of transactions rose 25 percent.

The firm’s technology unit, which has been downsized due to falling sales, had revenue of nearly $49 million compared with nearly $53 million in the same quarter a year ago. The unit’s operating costs were exactly the same as revenue.