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Hong Kong Exchanges & Clearing 1st Half Earnings Rise 3% on Higher Investment Income

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 yifan.wang@wsj.com

 

(END) Dow Jones Newswires

August 14, 2019 01:34 ET (05:34 GMT)

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