Jim Trodel via flickr
In a press release, the company stated that net profit for the January–March quarter was HK$2.97 billion ($379 million), which is less than the $3.408 billion it made during the same period last year.
On average, experts polled by LSEG put the value at $2.82 billion.
The revenue from core activities decreased by 7% to $4.657 billion, while overall revenue decreased by 6% to $5.201 billion. The $89.1 billion average daily turnover in equity trading was 22% less than the previous year.
From January to March, the Hong Kong Stock Exchange held 12 listings worth $4.8 billion, a 28% decrease from the same period last year. As of the end of March, 85 companies planned to undertake initial public offerings (IPOs) via the platform.
The most recent quarter had an 8% rise in HKEx operating expenses, reaching $1.411 billion.
source: asia.nikkei.com
On average, experts polled by LSEG put the value at $2.82 billion.
The revenue from core activities decreased by 7% to $4.657 billion, while overall revenue decreased by 6% to $5.201 billion. The $89.1 billion average daily turnover in equity trading was 22% less than the previous year.
From January to March, the Hong Kong Stock Exchange held 12 listings worth $4.8 billion, a 28% decrease from the same period last year. As of the end of March, 85 companies planned to undertake initial public offerings (IPOs) via the platform.
The most recent quarter had an 8% rise in HKEx operating expenses, reaching $1.411 billion.
source: asia.nikkei.com
