Deutsche Börse profit up 36%

German exchange says earnings were driven by higher business volume and volatile market conditions during the quarter

German exchange operator Deutsche Börse on Thursday reported a 36% increase in net profit for the first quarter and once again reduced its cost outlook as it prepares to tie with NYSE Euronext.

Net profit for the quarter was €212.8m, beating analyst expectations of €195m and up from €159.6m a year earlier.

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