Hong Kong Exchanges & Clearing 2014 Profit Rises

Hong Kong Exchanges & Clearing Ltd. HKXCY reported a 13% gain in its 2014 profit. Hong Kong's stock exchange operator posted a net profit of 5.17 billion Hong Kong dollars ($666.4 million) for the year. Its revenue climbed 13% to HK$9.8 billion. Average daily value of securities trading surged 11% to HK$69.5 billion. Hong Kong Exchanges & Clearing shares fell 0.60% to close at $22.82 yesterday.