Tuesday, September 1, 2015   

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:
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Lower energy prices keep eurozone inflation low (08-31 18:21)
HK’s yuan deposits inch up to 994.1b in July (08-31 17:44)
European stocks drop (08-31 17:18)
China stocks fall at close (08-31 17:04)
(Market turmoil) Chinese business journalist made scapegoat for stock rout (08-31 15:18)
Nikkei falls at close (08-31 14:13)
German retail sales improve (08-31 14:12)
Rolls-Royce dragged into Brazil oil corruption scandal (08-31 13:48)
Oil drops in Asia (08-31 12:52)

More breaking news >>

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