The New Zealand stock exchange posted a 22% rise in annual profit as strong activity in capital markets offset a weaker performance from its Agri division.

Profit increased to $12.1m last year, from $9.9m in 2012.

The NZX has benefited from a revival in companies coming to market, as the government partially privatised energy companies Mighty River Power and Meridian Energy.

However, the boom is unlikely to be repeated in 2014, as the government has just one smaller asset, Genesis Energy, slated for listing.