News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

HKEx makes positive start to post-LME era

Hong Kong Exchanges & Clearing reports a sharp revenue rise in its first quarterly results since the acquisition of the London Metal Exchange last year

Hong Kong Exchanges & Clearing increased revenues by nearly 20% in the last quarter, compared with a year ago, according to its first set of combined results since its takeover of the London Metal Exchange.

HKEx posted revenues of HK$2.22bn ($283.5m) for the three months ended March 2013, up from HK$1.88bn in the same period last year. Net profit edged up 1% to HK$1.16bn from HK$1.15bn a year earlier, with the LME contributing HK$185m.

WSJ Logo