HKEX’s third-quarter profit rises 7% on IPOs, turnover and investment income
Funds raised from IPOs in the June to September quarter reached HK$42.2 billion, six times higher than a year earlier
Net profit rose 7 per cent year on year to HK$3.15 billion (US$403 million), or HK$2.49 per share, for the three months to September, matching analysts’ estimates, according to an exchange filing. This was HKEX’s best third quarter since making HK$3.25 billion in the same period in 2021.
The strong quarterly earnings helped HKEX post its second-best nine-month profit of HK$9.27 billion, unchanged from a year earlier.
“The vibrancy and diversity of Hong Kong’s markets were on full display in late September, as investor sentiment turned more favourable following the announcement of economic stimulus measures in mainland China, as well as the monetary easing policies adopted by major central banks,” CEO Bonnie Chan Yiting said.
“By continuously expanding our product offerings, forging international partnerships and investing in our infrastructure, we are well-positioned to navigate the evolving macro-environment and propel sustained growth.”
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HKEX Chief Executive Bonnie Chan on building a vibrant market in Hong Kong
HKEX shares rose as much as 4 per cent after the company reported its earnings during the lunch break, before closing 1.2 per cent higher at HK$314.80. The stock has risen nearly 20 per cent this year.
