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Deutsche Boerse says Q3 adj oper profit rises 8 pct 286 mln euros

Reuters - UK Focus

FRANKFURT, Oct (HKSE: 3366-OL.HK - news) 27 (Reuters) - Deutsche Boerse (LSE: 0H3T.L - news) said on Thursday its third-quarter adjusted operating profit rose by 8 percent to 286 million euros ($311.40 million) as its commodities and international clearing business made up for a weaker market environment.

The German exchange operator, which is planning a $27 billion merger with the London Stock Exchange (Other OTC: LDNXF - news) said quarterly revenues rose 1 percent to 558.5 million euros.

That was slightly ahead of average analysts' expectations of 556 million.

The company said it was still aiming for net revenue growth of 5-10 percent this year and annual operating and net profit growth of 10-15 percent.

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Deutsche Boerse also said it had sold about a third of its stake in BATS Global Markets (Frankfurt: 7BTA.F - news) , Inc. for around $86 million.

"With (Other OTC: WWTH - news) this, the company expects a positive impact on earnings after tax of around 23 million euros in the fourth quarter 2016," the company said in a statement. ($1 = 0.9184 euros) (Reporting by Harro ten Wolde; Editing by Alexandra Hudson)