BM&F Bovespa Profit Drops 3.6% In Q2

Brazilian stock exchangeBM&F Bovespa’s second quarter adjusted net profit was $252.46 million,The Wall Street Journalreports. The profit shrank 3.6% from $266.85 million in the same period last year.

Net revenue dropped 1.7% to $294.08 million, operational expenses grew 16.2%, segment trading volumes climbed 5.8% year-over-year, while securities lending grew 39.3%, in comparison to 2010. Total share trading transactions were 1.09 million.

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