By Yifan Wang
Hong Kong Exchanges & Clearing Ltd. (0388.HK) said net profit rose 3% on year in the first half despite global trade uncertainties and recent local unrest, thanks to higher investment income and revenues from its cross-market channels that connect Hong Kong and mainland Chinese exchanges.
Net profit for the Jan-to-June period was 5.21 billion Hong Kong dollars (US$663.8 million) compared with HK$5.04 billion in the same period a year earlier, the stock market operator said on Wednesday.
Revenue was up 5% at HK$8.58 billion despite lower turnover in Hong Kong's securities market, it said.
The company declared an interim dividend of HK$3.72 per share, up from HK$3.64 per share a year earlier.
Write to Yifan Wang at firstname.lastname@example.org
(END) Dow Jones Newswires
August 14, 2019 01:34 ET (05:34 GMT)Copyright (c) 2019 Dow Jones & Company, Inc.