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Deutsche Boerse profit doubles to 848 mn euros
February 14, 2012

Stock traders work at the Deutsche Boerse in the central German city of Frankfurt earlier this month. (AFP Photo) Stock traders work at the Deutsche Boerse in the central German city of Frankfurt earlier this month. (AFP Photo)
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German stock market operator Deutsche Boerse said Monday its net profit doubled last year to 848 million euros ($1.1 billion) and that prospects for 2012 were good despite the failure of a merger with NYSE Euronext.

"Deutsche Boerse Group achieved its best sales revenue performance since record year 2008," the Frankfurt stock market operator said in a statement.

Sales increased by six percent to 2.2 billion euros.

"After the EU Commission?s decision, our view is exclusively forward," Deutsche Boerse chief executive Reto Francioni said in a statement, saying it would accelerate its growth strategy into unregulated markets.

"Our outlook for 2012 is positive," he added.

Earlier this month Deutsche Boerse and NYSE Euronext cancelled their mega-merger after European regulators vetoed their plan to create the world's largest exchange operator over concerns it would potentially dominate the global derivatives trade.

AFP