BM&FBovespa Profit Falls 3.8% as Market Rout Hurts Volumes
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BM&FBovespa SA, the operator of Latin America’s biggest securities exchange, said second-quarter profit fell 3.8 percent as Brazil’s market rout reduced trading volumes.
Net income excluding some items dropped to 294.2 million reais ($185.1 million) from 305.6 million reais a year earlier, the Sao Paulo-based company said in a regulatory filing. That compares to an average forecast of 350.6 million reais in a Bloomberg survey of seven analysts. Net operating revenue fell