HKEX net profit rises 15% to $15.4b in first 9M

Revenue increased 12% to $24.6b during the period.

Hong Kong Exchanges and Clearing Limited (HKEX) reported a 15% year-on-year increase in net profit attributable to shareholders to $15.4b in the first nine months.

Revenue and other income rose 12% to $24.57b. Earnings before interest, taxes, depreciation and amortisation grew 14% to $19.61b.

Operating expenses increased 7% to $4.76b, primarily due to higher staff and information technology costs.

Basic earnings per share rose 15% to $12.20.

“HKEX’s record nine-month revenue and other income and profit underscore the robustness of our business, supported by strong activity across our markets,” CEO Bonnie Y Chan said.

The exchange operator said higher trading and clearing fees were partly offset by lower net investment income from margin funds due to increased rebates payable to clearing participants.