Market Overview

Hong Kong Exchanges Q2 Net Profit Down 21%

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Hong Kong Exchanges & Clearing Ltd (OTC: HKXCY) reported a 21% drop in its second-quarter net profit.

Hong Kong Exchanges' quarterly net profit fell to 1.07 billion Hong Kong dollars (US$137.7 million), versus HK$1.35 billion, in the year-ago period.

For the first half, its net profit dropped 14% to HK$2.22 billion, versus HK$2.58 billion. Its revenue for the second quarter dropped 8% to HK$1.90 billion, versus HK$2.07 billion.

Hong Kong Exchanges' shares closed at $14.00 yesterday.

 

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