Nymex profits double

1 February 2007

Nymex Holdings, the parent company of the New York Mercantile Exchange, today released its fourth-quarter and end of year reports for 2006.

The reports show a 40 per cent increase in total operating revenues over the final quarter, up to $124.8 million from $88.9 million the previous year, attributed partly to the growth in the electronic trading of commodities.

For the year, Nymex reported total operating revenues of $497.2 million, up 49 per cent from $334.1 million in 2005.

Net income for the year was $42.3 million, or 48 cents a share, while average daily volume for the company for the quarter was 1.2 million contracts, a 36 per cent increase on the same period last year.

Commenting on the figures, the president and CEO of Nymex, James Newsome, said: "We are very pleased with our financial and operating performance in the fourth quarter and full year 2006, as we continued to execute on our strategy."

"Strong increases in operating revenues and net earnings were driven by record volume growth and the continued expansion of electronic trading," he added.

The report comes at the end of Nymex's first quarter as a public company, following its 135 year history as a private, member-owned exchange.

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