OMHex, operator of the Swedish and Finnish stock exchanges, has boosted first quarter post-tax profits from Skr8m (€870,000) to Skr186m as a result of selling the Natural Gas Exchange and by cutting more than 20% from its costs. Revenues rose 48% to Skr907m.

The Stockholm-based company said revenues in the quarter had been boosted by the sale of the Natural Gas Exchange in Canada, from which it derived Skr92m.