Home Breadcrumb caret Industry News Breadcrumb caret Industry TMX Group’s net income rises 11% in Q3 Revenue shot up after an acquisition late last year By Staff | November 9, 2018 | Last updated on November 9, 2018 1 min read © Roxana Gonzalez Leyva / 123RF Stock Photo TMX Group Inc. reported net income of $57.5 million for the third quarter, a rise of 11% from $51.9 million for the same period in 2017. TMX reported earnings per share of $1.03, up 21% from $0.85 in the third quarter of 2017. The rise in net income reflects higher revenue from TMX’s global solutions, insights and analytics segment, the company said Thursday. That segment includes $27.9 million in revenue from Trayport Inc., a U.K.-based energy trading platform TMX acquired in December 2017. Organic revenue growth was up 8% from the same period last year, the company said. The increased revenue was partially offset by higher operating expenses, which rose 26% year over year owing to the addition of Trayport and higher costs from an employee performance incentive plan, the company said. TMX Group’s quarterly dividend will stay at $0.58 per common share. Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo