Hong Kong Exchanges and Clearing (0388) said its net profit rose 16 percent year-on-year to HK$8.58 billion in the first three quarters, hitting a new high. Revenue grew 21 percent to HK$12.61 billion in the first nine months and EBITDA rose 13 percent to HK$1.09 billion. In the third quarter, the net profit surged 51 percent from a year ago to HK$3.35 billion and basic earnings per share were HK$2.65. The average daily transactions traded on the stock exchange increased by 39 percent to HK$125.7 billion while income from trading fees increased by 58 percent or HK$808 million. Income from trading fees doubled to HK$339 million but income from listing fees fell HK$16 million.

Source: The Standard November 11, 2020 08:48 UTC