ASX posts higher first-half profit, sales

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SYDNEY (MarketWatch) -- ASX :td. said Thursday that its first-half net profit rose to 172.0 million Australian dollars ($172.4 million), from AA$168.0 million in the year-ago period. Revenue at the Australian stock exchange operator climbed to A$306.4 million, from A$302.8 million last year. "The ASX Group of companies performed well during the first half of the 2011 financial year, with underlying profit marginally higher within a market responding to renewed economic confidence," said CEO Robert Elstone. The ASX board said that it maintains an ongoing belief in the need for ASX participation in regional and global exchange consolidation.

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