February 14, 2017 / 2:17 AM / 6 months ago

TMX posts quarterly profit helped by cost cuts

Feb 13 (Reuters) - TMX Group Ltd posted a net profit for the fourth quarter, compared with a loss in the year-ago period, boosted by cost cuts.

The owner of the Toronto Stock Exchange said the net profit attributable to shareholders was C$52.6 million ($40.2 million), or 95 Canadian cents per share, in the last three months of 2016, compared with a loss of C$159 million, or C$2.92 per share, a year earlier.

Revenue rose 7 percent to C$189.4 million. ($1 = 1.3074 Canadian dollars) (Reporting by Vishal Sridhar in Bengaluru; Editing by Amrutha Gayathri)

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