Deutsche Boerse AG net profit second quarter 2011 : German stock market operator Deutsche Boerse says its second quarter sales dipped slightly but net profit rose by 11 percent to euro179 million ($258 million) from euro161 million a year earlier.
The company said Thursday a decline in revenues of 6 percent from euro564 million to euro529 million due to lower equity market volatility was compensated through "rigorous cost discipline."
Deutsche Boerse AG is set to merge with New York Stock Exchange operator NYSE Euronext, creating the world's largest exchange operator.
It says total costs were down by 19 percent from euro356 million to euro289 million, including costs of euro19 million stemming from the planned merger.
Deutsche Boerse runs the Frankfurt Stock Exchange, while NYSE Euronext also owns bourses in Paris, Lisbon, Brussels and Amsterdam.
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