Key messages
- Profit attributable to shareholders for YTD Q3 20174 was 22 per cent higher than the prior period reflecting the combined effect of revenue growth and continuing cost discipline. Key highlights for the period include:
- Revenue and other income for YTD Q3 2017 was 14 per cent higher than the prior period. This growth included:
- An increase in trading and clearing fees driven by a 21 per cent increase in Cash Market turnover, partly offset by lower HKFE and LME revenue;
- An increase in Stock Exchange listing fees from increases in the number of listed companies and newly listed Derivative Warrants and Callable Bull/Bear Contracts;
- A significant increase in net investment income from both Corporate and Margin Funds; and
- A one-off receipt of $55 million post-liquidation interest from the liquidators of Lehman Brothers Securities Asia Limited.
- Operating expenses increased by 3 per cent against YTD Q3 2016. Excluding a one-off insurance recovery of $23 million relating to legal expenses incurred in prior years, operating expenses increased by 4 per cent compared to the prior period.
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