May 9, 2018 / 4:28 AM / 16 days ago

HKEX first-quarter net profit rises 49 pct on higher trading fees

HONG KONG, May 9 (Reuters) - Hong Kong Exchanges & Clearing Ltd (HKEX) said on Wednesday its first-quarter net profit rose 49 percent on year, thanks to a significant increase in trading fees.

HKEX, which runs the Hong Kong stock exchange, posted a net profit of HK$2.56 billion ($326.12 million) for the first three months of this year, up from HK$1.72 billion a year ago, beating the HK$2.31 billion average of two analysts polled by Thomson Reuters.

Trading fees rose 96 percent year on year. ($1 = 7.8498 Hong Kong dollars) (Reporting by Alun John; Editing by Sunil Nair)

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