Hong Kong Exchanges Q2 Net Profit Surges 10%

Hong Kong Exchanges & Clearing HKXCY reported a 10% rise in its second-quarter net profit. The exchange operator's quarterly net profit surged to 1.17 billion Hong Kong dollars (US$151 million), from HK$1.07 billion, in the year-ago period. Its average daily turnover value on the stock exchange climbed 24% to HK$62.3 billion from HK$50.2 billion. Its revenue increased 17% to HK$2.22 billion from HK$1.90 billion. Hong Kong Exchanges shares closed at $16.40 yesterday.