, Hong Kong
Photo from Shutterstock

HKEX profit drops 3% YoY in H1 2024 despite record Q2 earnings

Q2 profit was $3.2b, a second-quarter high.

The Stock Exchange of Hong Kong Limited (HKEX) reported a 3% year-on-year (YoY) drop in its profit attributable to shareholders in H1 2024 despite achieving record earnings in Q2.

Net profit for H1 2024 was $6.13b. The bourse cited global fatigue and ongoing uncertainty over interest rate outlook as some of the challenges it faced in the first half of the year. Consequently, HKEX also suffered a 4% YoY decline in its average daily turnover.

However, the bourse’s record Q2 figures are a testament to HKEX’s strength and resilience.

In Q2, HKEX achieved second-quarter highs for revenue and other income, and profit. 

Revenue and other income for the period rose 8% YoY to $5.42b, driven by its core business and net income from corporate funds, which increased to $366m.

Profit attributable to shareholders in Q2 also saw a 9% rise, reaching $3.2b.

The bourse attributed its record Q2 performance to the gradual recovery of the Hong Kong IPO market, which saw 81 IPO applications, up 69% YoY.

Based on the recent financial results, the HKEX board declared an interim dividend of $4.36 per share, payable in cash.

Follow the link for more news on

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Hong Kong, China told to ban ‘zero-dollar’ tours
Retailers should improve customer service and create unique experiences to stay in the game.
Bonhams builds new headquarters in Hong Kong
It joins Sotheby’s, Phillips, and Christie’s, which have all upgraded their local spaces.