HKEx Q1 Net Profit Down 7%

Hong Kong Exchanges and Clearing Ltd HKXCY reported a 7% drop in its first-quarter net profit. Its quarterly net income fell to HK$1.15 billion ($148.2 million), versus HK$1.23 billion, in the year-ago period. However, analysts were expecting a net profit of HK$1.12 billion. HKXCY shares closed at $15.85 on Friday.