Hong Kong Stock Exchange’s Profit Drops on Weaker Trading
(Beijing) — The Hong Kong Stock Exchange operator reported a 27% drop in profits in 2016 as fees earned from stock and metals trading slumped as political and economic uncertainty around the world led to volatility on global financial markets.
Net profit attributable to shareholders declined to HK$5.77 billion ($747.4 million), or HK$4.76 per share, Hong Kong Exchanges and Clearing Ltd. (HKEX) said on Monday in a statement announcing its annual results. Revenue and other income fell by 17% to HK$11.1 billion.
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