Deutsche Boerse profits halve on weak trading

AP News
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Posted: Oct 29, 2012 4:10 PM

FRANKFURT, Germany (AP) — Deutsche Boerse AG says its third-quarter net profit almost halved to €159.9 million ($206.3 million) from €317 million in the same period last year.

The Frankfurt, Germany-based exchange operator said in a statement Monday that profits suffered from weak trading volumes.

Net revenue fell 19 percent to €471 million in the July-September period.

The company expects full-year net revenue to come in at around €1.95 billion for 2012.

Deutsche Boerse was blocked by European regulators earlier this year from purchasing rival NYSE Euronext.