Hong Kong Exchanges: Nine-Month Net Profit HK$5.53 Billion; Up 22% on Year

By Chester Yung Features Dow Jones Newswires

Hong Kong Exchanges & Clearing Ltd. (0388.HK) said Wednesday its January-September net profit rose 22% from a year earlier, 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 nine months ended September 30 rose to 5.53 billion Hong Kong dollars (US$708 million) from HK$4.53 billion a year earlier, while revenue and other income rose 14% from a year earlier to HK$9.66 billion.

For the three months ended September, Hong Kong Exchanges posted a 32% increase in its net profit from a year earlier to HK$2.03 billion. The company didn't declare a dividend for the third quarter.

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

(END) Dow Jones Newswires

November 07, 2017 23:53 ET (04:53 GMT)