Hong Kong Exchange Operator HKEX Reports a 13% Drop in Q1 Profits

Wednesday, 24 April 2024, 04:25

The Hong Kong Stock Exchange operator, HKEX, reported a 13% decrease in net profit for the January-to-March quarter, totaling HK$2.97 billion. This decline was attributed to lower turnover and a reduced number of listings. Despite beating the consensus estimate, HKEX's earnings were impacted by ongoing market challenges.
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Hong Kong Exchange Operator HKEX Reports a 13% Drop in Q1 Profits

Hong Kong Exchange Operator Earnings Report

The Hong Kong Stock Exchange operator, HKEX, reported a 13% decrease in net profit for the January-to-March quarter, totaling HK$2.97 billion. This decline was attributed to lower turnover and a reduced number of listings.

Consensus Estimate Exceeded

The earnings of HKEX, at HK$2.35 per share, surpassed the consensus estimate that predicted a 14% decline to HK$2.79 billion.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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