Nyse Trading stocks up more than 50 per cent on NMSI’s earnings report
Nyse is up more the same on NML’s earnings call today.
The company announced a profit of $US7.7 million ($8.3 million) in the second quarter, which is up from a loss of $6.9 million a year earlier.
The firm is also up on the day trading stock of the Australian Government.
It reported that it was up $7.4 million ($7.6 million) on NMC, up from $6 million a few months ago.
Nymecorp, which owns the Australian banking sector and the nation’s biggest oil refinery, has also been up on NMW.
The Nymecorps chief executive, John Kostecki, said the company’s results for the first quarter were “positive” and it expects to generate an operating profit of up to $US12 million ($14.4 mln).
Nyse’s share price has also jumped by more than 25 per cent since the end of last year.
“We have been very fortunate with the growth of our business and the strength of our cash flow position over the past year,” Mr Kosteski said.
“We have seen a significant reduction in the need for capital and an increase in cash flows.
We believe that the financial position of the business is stable and is consistent with our expectations and our cash flows.”
Nynodea’s CEO, Rob Moore, said Nyse had been operating at a loss since the last quarter of last century.
“In the last 12 months, our profitability has increased significantly,” he said.
He said the investment in new capital was continuing to be “robust” and Nyse was the first publicly traded company in the industry to raise $US20 million in Series B financing.
“Nymenodea will continue to invest in our businesses to drive growth and continue to deliver value for our customers,” Mr Moore said.