Hong Kong Exchanges 2012 Profit Down 20%

Hong Kong Exchanges & Clearing HKXCY reported a 20% drop in its 2012 net profit. The exchange's net profit for the year fell to HK$4.08 billion (US$525 million), from HK$5.09 billion in 2011. However, analysts were expecting a profit of HK$4.38 billion. Its revenue declined 8% to HK$7.21 billion from HK$7.86 billion, while operating expenses climbed 13% to HK$1.96 billion from HK$1.73 billion. The exchange also declared a final dividend of HK$1.46 per share, versus HK$2.09 per share. HK exchange shares closed at $17.75 yesterday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsDividendsprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!