BM&FBovespa Profit Rises 19% on Derivatives Trading
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BM&FBovespa SA, the operator of Latin America’s biggest securities exchange, said fourth-quarter profit rose 19 percent after derivatives trading increased.
Net income excluding minority interests climbed to 261.5 million reais ($156.6 million), from 220.2 million reais a year earlier, the Sao Paulo-based company said in a regulatory filing yesterday. Adjusted net income was 368 million reais, while net revenue climbed 11 percent to 470.1 million reais.