The New York Stock Exchange says its member firms saw profits slip in the second quarter, even though revenues rose notably compared with the same quarter a year earlier.

NYSE firms that conduct business with the public reported second-quarter 2007 after-tax profits of US$2.75 billion on revenues of US$95.2 billion.

While profits were down a bit from the US$2.95 billion in after-tax profits recorded in the second quarter of 2006, revenues were up sharply from US$78.6 billion in the second quarter of 2006.

For the first six months of 2007, the firms reported after-tax profits of US$5.8 billion on revenues of US$185.1 billion. The total is also down a bit from the same period in 2006, when profits were US$6 billion on revenues of US$156.2 billion.