Profit up 5% at HKEx
16 August 2013
News, Hong Kong
By Asia Asset Management
Hong Kong Exchanges & Clearing (HKEx) recorded a 5% year-on-year increase in profit attributable to shareholders in the first half of the year to HK$2.33 billion (US$300 million), and declared an interim dividend of $1.82 per share, according to Hong Kong’s Information Services Department, news.gov.hk.
According to interim results announced on August 15, HKEx recorded income of $4.44 billion, up 18% over a year earlier. Pre-tax profit rose 5% to $2.77 billion, while basic earnings per share fell 1% to $2.03.
The average daily turnover value on the Stock Exchange was $68.3 billion, 20% higher than the same period last year. The average daily number of derivatives contracts traded on the Futures Exchange grew 10% to 291,171. Stock options contracts traded rose 15% to 267,047.
Chairman Chow Chung-kong said the global financial market remains challenging, in particular with the anticipated unwinding of the liquidity easing policy in the US, but HKEx will continue to develop a more diversified business and cautiously pursue every available opportunity.
"We remain confident that with support from our various stakeholders, we can reach our goal of transforming HKEx into a comprehensive provider of trading platforms for equity, fixed income and currency, and commodities, with a view to consolidating our leading position among world exchanges," he remarked.
As at the end of June, there were 1,384 companies listed on the Main Board, and 183 on the Growth Enterprise Market, with a total market capitalisation of $20.7 trillion. The average daily turnover value in the first half of the year was $68 billion on the Main Board and $233 million on the Growth Enterprise Market, up 20% and 49% year-on-year.
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