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Deutsche Boerse says net profits down in 2012

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(Globalpost/GlobalPost)

German stock market operator Deutsche Boerse said Tuesday it booked net profit of 660 million euros ($895 million) in 2012, down from 849 million euros a year earlier.

Underlying profit, as measured by earnings before interest and tax (EBIT), amounted to "around 1.0 billion euros", the group said in preliminary figures.

A year earlier, Deutsche Boerse had booked EBIT of 1.152 billion euros.

Revenues were also down at 1.93 billion euros, compared with the year-earlier figure of 2.233 billion euros.

And the group said it would cut its dividend to 2.10 euros per share for 2012 from 2.30 euros for 2011.

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http://www.globalpost.com/dispatch/news/afp/130205/deutsche-boerse-says-net-profits-down-2012