Oslo Clearing a success for SIX interim figures
SIX Group’s interim report for the first half of 2014 shows that from its acquisition in May 2014 to 30 June 2014, Oslo Clearing has contributed $1.2 million in revenue and $440,000 in profit.
Oslo Clearing was acquired from Norway’s Oslo Børs VPS Holding and carries out central counterparty clearing of financial derivatives, equities and securities lending products.
Assuming the acquisition of Oslo Clearing had occurred 1 January 2014, SIX management estimate the revenues and profit would have been higher at $2.75 million and $660,000, respectively.
Costs of the acquisition and operations were included in the interim final figures, representing $110 thousand in the six months ending 30 June.
