HKEX releases first half 2017 results, revenue up 10% YoY

Hong Kong Exchanges and Clearing Limited (HKEX) just submitted the unaudited consolidated results of the Group for the six months ended 30 June 2017. Revenue and other income for the six months ended 30 June 2017 (1H 2017) was 10 per cent higher than the same period in 2016 (1H 2016). Key highlights for the period include:

  • An increase in Stock Exchange listing fees from more listed companies and an increase in newly listed DWs and CBBCs;
  • A significant increase in net investment income from Corporate Funds and Margin Funds;
  • A one-off receipt of $55 million post-liquidation interest from the Lehman liquidators; and
  • A marginal reduction in Trading and Clearing fees, where a healthy increase in Cash Market turnover was offset by declines in derivatives volumes, including commodities.
  • Operating expenses increased by 1 per cent against 1H 2016. Excluding a one-off insurance recovery of $23 million relating to legal expenses in respect of the warehouse litigation in the US, operating expenses increased by 3 per cent compared to the prior period.
  • The EBITDA margin of 72 per cent for 1H 2017 was 2 per cent higher than 1H 2016 reflecting both revenue growth and prudent cost management.
  • Profit attributable to shareholders rose by 17 per cent to $3,493 million.

For more detailed information on the HKEX report, click here.

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