TMX Group (X.TO), which is in advanced talks to be taken over by the London Stock Exchange (LSE.L), swung to a fourth-quarter profit from a year-ago loss on the back of higher revenue from trading, issuer and information services. Net income at TMX, operator of the Toronto Stock Exchange, was C$49.1 million ($49.4 million), or 66 Canadian cents a share. This compares with a loss of C$26.8 million, or 36 Canadian cents a share, a year earlier. The company earned 68 Canadian cents on an adjusted basis for the fourth quarter.
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