Business
MX ends 2007 in strong financial and strategic position
FINANCIAL HIGHLIGHTS FOR Q4 2007 vs. Q4 2006 - Revenues of $19.6 million in Q4, a slight increase...
About this update from Stampede Drilling Inc.
[{"type":"text","content":"\n\n\n\nFINANCIAL HIGHLIGHTS FOR Q4 2007 vs. Q4 2006\n\n- Revenues of $19.6 million in Q4, a slight increase from the\n previous year\n- Strong contribution to earnings from BOX, due to 75% volume increase\n- Operating expenses, excluding other items, up 5%, reflecting spending\n for growth initiatives\n- Adjusted net earnings of $7.0 million, up from $6.5 million; net\n earnings of $6.3 million compared to $7.5 million\n- Adjusted diluted earnings per share of $0.23, unchanged from Q4 2006;\n diluted earnings per share of $0.21 compared to $0.27\n- Strong financial position with cash balance of $126.7 million at\n quarter end\n\nCORPORATE HIGHLIGHTS FOR 2007\n\n- Landmark agreement to combine with TSX Group Inc. to create integrated\n exchange group\n- Strategic agreement to increase ownership in BOX to 53.2% securing\n position in the fast-growing U.S. option industry\n- MX achieved overall volume growth of 5% - BOX volume up 38%\n- Progress towards launch of trading in environmental products\n\nNOTE TO EDITORS: ALL REFERENCES TO EARNINGS PER SHARE HAVE BEEN RESTATED\nTO REFLECT THE THREE-FOR-ONE STOCK SPLIT THAT THE EXCHANGE EFFECTED ON\nMARCH 15, 2007. ALL DOLLAR AMOUNTS IN THIS PRESS RELEASE ARE STATED IN\nCANADIAN DOLLARS.\n\n\nMONTREAL, Feb. 11 /CNW Telbec/ - Montreal Exchange Inc. (MX) (TSX: MXX)\nannounced today financial results for fourth quarter and the full-year ended\nDecember 31, 2007.\n\n\nRevenues for the fourth quarter 2007 were $19.6 million compared to\n$19.5 million for the same period of 2006. Net earnings amounted to\n$6.3 million, compared to $7.5 million in the fourth quarter 2006. Adjusted\nnet earnings(1), which exclude other items, adjustments to income tax expenses\nand unrealized gains on foreign exchange, amounted to $7.0 million or\n$0.23 per diluted share in the fourth quarter 2007 compared with $6.5 million\nor $0.23 per diluted share for the same period 2006.\n\n\nRevenues for the full-year 2007 increased to $83.0 million, up 5% from\n2006, reflecting overall growth in trading volumes. Net earnings for 2007\nincreased 4% to $25.7 million. Adjusted net earnings were $29.5 million or\n$0.98 per diluted share for 2007, up $4.7 million or $0.07 per diluted share,\ncompared to 2006. Adjusted net earnings and adjusted diluted earnings per\nshare for 2007 were up 19% and 8%, respectively.\n\n\n"T...