HKEX reports first year-on-year quarterly profit decline in 10 quarters
Hong Kong Exchanges and Clearing reported net profit of HK$4.859 billion for the three months to September, down 1 per cent year on year but above analysts’ estimates of HK$4.7 billion, according to an exchange filing on Friday. It was the operator’s first year-on-year quarterly profit decline in 10 quarters. Profit for the first three quarters reached a record HK$15.4 billion, up 15 per cent from a year earlier.