TSX Group Inc. says its earnings were unchanged while revenues fell 5% in the second quarter of this year.

The holding company for the Toronto Stock Exchange and TSX Venture Exchange reported revenues of $52.8 million for the quarter ended June 30 vs $55.6 million for the same period in 2002. That, it said, was primarily due to decreased listing and trading revenue, offset somewhat by increased market data revenue for the same period.

Net income was unchanged from the second quarter of 2002 at $16.2 million, or 48¢ per common share. The company also declared a quarterly dividend of 18¢ per common share.

“Despite continued market uncertainty as we entered the second quarter, we were able to deliver consistent financial results,” CEO Barbara Stymiest said in a release. “As we progressed through the second quarter, it was encouraging to see an upturn in the markets and related activity as evidenced by a month over month improvement in the value of securities traded on both of our exchanges.”

Specifically, listing revenue was off 10% to $21.0 million in the second quarter of 2003. Reduced financing activity in the second quarter of 2003 vs 2002 was the primary reason for the decline in listing revenue, although the drop was offset by an increase in listing fees during the first quarter of 2003 in conjunction with new services and enhancements.

Trading and related revenue fell 8% to $16.1 million in the second quarter of this year. The number of transactions increased by 3% 7.4 million, but the total value of securities traded on the TSE and TSX Venture Exchange was off 12% to $151.6 billion.

Market data revenue was up 10% to $13.0 million in the period.