Business
The Montreal Exchange Announces a Strong First Quarter of 2007
The Montreal Exchange Announces a Strong First Quarter of 2007.
About this update from Stampede Drilling Inc.
[{"type":"text","content":"\n\n\n\nHighlights (Q1 2007 vs. Q1 2006)\n\n - Revenues of $21.9 million compared to $19.1 million, up 15%\n - Net earnings of $5.6 million compared to $4.9 million, up 13%\n - Adjusted net earnings of $7.6 million compared to $5.5 million,\n up 38%\n - Diluted earnings per share of $0.20 compared to $0.18\n - Adjusted diluted earnings per share of $0.27 compared to $0.20\n - Average daily trading volume up 26%\n\nNOTE TO EDITORS: ALL REFERENCES TO EARNINGS PER SHARE AND DIVIDENDS PER\nSHARE HAVE BEEN RESTATED TO REFLECT THE THREE-FOR-ONE STOCK SPLIT THAT MX\nEFFECTED ON MARCH 15, 2007. ALL DOLLAR AMOUNTS IN THIS PRESS RELEASE ARE\nSTATED IN CANADIAN DOLLARS.\n\n\nMONTREAL, April 24 /CNW Telbec/ - Montreal Exchange Inc. (TSX: MXX)\nannounced today its financial results for the first quarter ending March 31,\n2007.\n\n\nRevenues for the first quarter reached $21.9 million representing an\nincrease of 15% compared to $19.1 million for the first quarter 2006, due\nprincipally to increased market trading volumes. The average daily trading\nvolume was up 26% year-over-year.\n\n\nNet earnings for the first quarter 2007 increased 13% to $5.6 million\ncompared to $4.9 million for the first quarter 2006. Adjusted net earnings for\nthe first quarter 2007, excluding a $2.1 million charge net of tax relating to\nnon-recurring professional fees in connection with the preparation of our\nnon-offering prospectus and the listing of our shares, increased 38% to\n$7.6 million compared to $5.5 million for the first quarter 2006, excluding a\n$0.6 million charge net of tax relating to legal settlements in connection\nwith the closing of our trading floor.\n\n\n"We are pleased with this quarter's results which represent another\nstrong period in our continued growth in the derivatives business," commented\nMX President and Chief Executive Officer, Luc Bertrand. "There is a very\npositive operating environment for the derivatives industry in Canada and\nglobally. The Montreal Exchange is a key player with leading-edge technology\nand excellent growth opportunities from our strategic alliances: BOX, MCeX and\nCAREX."\n\n\n"This has been a momentous quarter for us," added Mr. Bertrand, referring\nto significant recent developments that occurred during the first quarter of\n2007.\n\n\nRecent Developments:\n\n- On March 13, ...