London Stock Exchange Group 1Q Revenue, Gross Profit Rose
21 Abril 2020 - 01:51AM
Noticias Dow Jones
By Sabela Ojea
London Stock Exchange Group PLC reported Tuesday a rise in
revenue and gross profit for the first three months of 2020, and
said that it is making good progress in planning for integration of
financial-data provider Refinitiv.
The exchange operator made a gross profit for the first quarter
of the year of 555 million pounds ($691.4 million) compared with
GBP490 million for the same period a year earlier.
Total revenue also increased 10% to GBP535 million, the company
said. It said revenue from information services grew to GBP215
million from GBP201 million in the first quarter of 2019.
London Stock Exchange said it believes it has "sufficient cash
resources and access to liquidity to maintain continuity of
business and has no need to materially adjust any its operations or
incur significant additional costs."
"The group has delivered a good financial performance and strong
operational resilience during this unprecedented period. We have
had a focus on ensuring orderly functioning of markets and
continuity of service to customers across our businesses," Chief
Executive David Schwimmer said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
April 21, 2020 02:36 ET (06:36 GMT)
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