HKEx profit falls
(02-27 17:04)
Hong Kong Exchanges and Clearing (0388) says profit for last year fell 20 percent on declining average daily turnover, rising costs and "a bleak market" for initial company share sales.
The stock market operator made HJK$4.08 billion in 2012 -- down about HK$1 billion from the previous year and below market expectations, RTHK reports.
Average daily turnover fell by almost a quarter to just under HK$54 billion during the year. The earning were released during the market's lunch break. Shares of HKEx closed unchanged at HK$137.80.
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