Friday, October 31, 2014   

HKEx sees 2pc rise in net profit
(05-08 13:09)

Hong Kong Exchanges & Clearing (0388) recorded a 2-percent increase in net profit to HK$1.18 billion for the first quarter. It was also up 15 percent from the fourth quarter last year.
Revenue grew 5 percent to HK$2.335 billion during the period.
However, average daily turnover for equities accounted to HK$55.1 billion, down 5 percent from a year ago.
Operating expense rose 10 percent to HK$734 million, mainly due to increasing staff cost and hiring for the London Metal Exchange.
The local bourse operator recorded 20 new listings in the quarter ended March -- doubling from a year back -- to raise HK$112.4 billion -- up 76 percent from 12 months ago, according to the statement filed to the exchange.   
Other Business breaking news:
Athens stock market down 3.6pc (10-30 18:36)
Toshiba half-year net profit surges (10-30 17:27)
German jobless total falls in October (10-30 17:23)
VW confirms full-year targets after 'robust' Q3 (10-30 16:58)
Spanish economy expands by 0.5% in Q3 (10-30 16:58)
European stocks advance at open (10-30 16:57)
Hang Seng finishes lower (10-30 16:35)
Lufthansa cuts 2015 forecast on global economic slowdown (10-30 16:05)
Bayer raises forecasts for 2014 after strong Q3 (10-30 16:04)
NEC rebounds from losses on smartphone exit (10-30 15:25)

More breaking news >>

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