Hong Kong Exchanges 1Q Net Profit HK$1.72 Billion, Up 20%

By Chester Yung Features Dow Jones Newswires

Hong Kong Exchanges & Clearing Ltd. (0388.HK) said Wednesday its first-quarter net profit rose 20% from a year earlier, partly thanks to higher revenue from trading and listing fees as well as investment income.

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The operator of Hong Kong's stock exchange said its net profit for the three months ended March 31 rose to 1.72 billion Hong Kong dollars (US$220 million) from HK$1.43 billion a year earlier, while revenue and other income rose 11% from a year earlier to HK$3.05 billion.

The company didn't declare a dividend for the first quarter.

Write to Chester Yung at chester.yung@wsj.com

(END) Dow Jones Newswires

May 10, 2017 00:45 ET (04:45 GMT)