euronext says profits up despite difficult environment
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Euronext says profits up despite difficult environment

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Euronext says profits up despite difficult environment

Euronext said bottom-line net profit grew 14.1%
Paris - AFP

European stock market operator Euronext said Wednesday that cost-cutting enabled it to lift profits last year despite market volatility triggered by Brexit and the US elections.

Euronext, which operates the Paris, Amsterdam, Brussels and Lisbon stock exchanges, said in a statement that bottom-line net profit grew by 14.1 percent to 197 million euros ($208 million) in 2016, despite a 4.3-percent drop in revenues to 496.4 million euros.

Investor confidence had taken a knock from political uncertainty and volatility related to Britain's shock decision to quit the European Union and the election of Donald Trump as US president, Euronext said. 

Nevertheless, belt-tightening helped offset the decline in revenues.

"In a year marked by lower volumes on our markets that induced... a 4.3-percent decrease in revenue, we have managed to maintain" stable underlying or operating profit, the company explained. 

"Our cost base has been significantly reduced. As a result, our profitability... increased significantly."

In view of the rise in profits, Euronext said it would increase its dividend to shareholders by 14.5 percent to 1.42 euros per share. 

"These results demonstrate Euronext's continuous capability to service our shareholders and customers, and to deliver value against a tough trading environment," the statement said.

Looking ahead, "2017 will be a critical year for our industry landscape," said chief executive Stephane Boujnah. 

Euronext rivals, the stock exchanges of London and Frankfurt, are currently negotiating a merger to create a financial markets behemoth competing with the likes of the Chicago exchange and ICE in the United States, as well as the Hong Kong stock exchange in Asia.

Source: AFP

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

euronext says profits up despite difficult environment euronext says profits up despite difficult environment

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

euronext says profits up despite difficult environment euronext says profits up despite difficult environment

 



GMT 05:14 2024 Wednesday ,07 February

Sophisticated Classic Dining Room Design Ideas

GMT 05:17 2024 Wednesday ,07 February

Amazon to open first cashierless shop

GMT 05:06 2024 Tuesday ,06 February

New hunt for flight MH370 gets under way

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences

GMT 10:06 2017 Saturday ,11 March

ECB raises forecasts for growth

GMT 21:35 2016 Wednesday ,09 November

UAE Consul General in Karachi meets Governor of Sindh

GMT 12:01 2018 Tuesday ,23 January

Bahrain Bourse daily trading performance

GMT 09:57 2017 Saturday ,06 May

Media capable of making real changes in society

GMT 07:05 2017 Tuesday ,15 August

ERC delivers emergency food aid to Al Hota in Yemen

GMT 20:11 2017 Friday ,20 January

Russia, Syria ink agreement to expand Tartus port

GMT 07:34 2017 Sunday ,24 December

Miss America suspends CEO over misogynistic emails

GMT 10:04 2017 Saturday ,25 November

Zimbabwe court rules military takeover legal

GMT 18:53 2017 Sunday ,30 July

FAB Wealth Sentiment Index down 1.3% in July

GMT 06:22 2015 Tuesday ,15 September

Auto industry veteran hired to rev up Google car

GMT 06:41 2017 Saturday ,11 March

Trump team en route to resuming arms sale to Saudi

GMT 10:05 2014 Sunday ,05 January

Ford to unveil solar-powered hybrid car

GMT 14:15 2014 Tuesday ,11 February

Emirati woman creates application

GMT 13:52 2016 Sunday ,18 December

Vietnam's HCM City reports more Zika cases

GMT 06:02 2016 Wednesday ,28 September

Obama praises Peres as one of few people who change history
Emiratesvoice, emirates voice
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice