HKEX quarterly profit falls by 13pc to HK$2.2bHong Kong Exchange and Clearing reported today net profit in the first quarter fell by 13 percent from the year before to HK$2.26 billion. Revenue and other income was 7 percent lower than the first quarter of 2019. Core business revenue was up by 19 percent. HKEX reported a net investment loss of HK$47 million, compared with income of HK$882 million in the first quarterof 2019, due, predominantly to the macro-driven impact on the fair value of collective investment schemes. Operating expenses were 6 percent higher from the year before.-The Standard

Source: The Standard May 07, 2020 05:37 UTC