February 27, 2013 / 7:16 AM / 5 years ago

Trading fee hike boosts LME 2012 revenues by 36 pct

SINGAPORE, Feb 27 (Reuters) - London Metal Exchange revenues jumped 36 percent in 2012 from a year earlier, driven by the introduction of new trading fees in the second half, results from the LME’s owner, Hong Kong Exchanges & Clearing Ltd , showed on Wednesday.

LME Group revenue and other income stood at HK$976 million ($125.80 million) for 2012.

HKEx finalised its $2.2 billion purchase of the London Metal Exchange in December.

HKEx, the world’s biggest exchange operator by market value, posted a net profit of HK$300 million for the October-December quarter, below the HK$1.27 billion the exchange reported during the same time last year, after it was hit by a fall in trading volumes and higher costs. ($1 = 7.7585 Hong Kong dollars) (Reporting by Melanie Burton; editing by Miral Fahmy)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below