Hong Kong Exchange reports 2 pct rise in Q1 profit

HONG KONG Thu May 8, 2014 12:47am EDT

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HONG KONG May 8 (Reuters) - Hong Kong Exchanges & Clearing Ltd, the world's sixth-largest exchange operator by market value, posted an 2 percent rise in net profit on Thursday, helped by a rise in new listings.

HKEx posted first-quarter net profit of HK$1.18 billion ($152.22 million), up from HK$1.16 billion a year ago.

The number of new listings in HKEx doubled to 20 in the January-March quarter, raising HK$112.4 billion, while average daily turnover of equity products fell 5 percent to HK$55.1 billion.

($1 = 7.7519 Hong Kong dollars) (Reporting By Lawrence White; Editing by Matt Driskill)

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