vested
Year has started well for HKEX9 May 2019
The net profit of Hong Kong Exchanges and Clearing (0388) increased 2 percent year-on-year in the first quarter to HK$2.61 billion, as investment income and surging cross-border trading of mainland Chinese shares boosted revenue.
The group's revenue and other income amounted to HK$4.28 billion, up by 3 percent from the corresponding period last year. Basic earnings per share were HK$2.09. No dividend was proposed.
The share price dropped 1.58 percent to HK$261.
"HKEX had a good start to 2019 despite a more challenging macro environment driving year-on-year
softness in cash market volumes," said chief executive Charles Li Xiaojia in a stock exchange filing.
He added that the bourse will continue to focus on its three-year strategic plan and good cost discipline.
"Despite the drop in cash market headline ADT and modest declines in trading volume in the derivatives and commodities markets against the first quarter of 2018," he said, "revenue and other income reached record quarterly high."
And a reduction in trading and clearing fees was more than offset by an increase in income from investment schemes and from corporate funds and margin funds, Li said.
Source: The Standard
http://www.thestandard.com.hk/section-n ... 0509&sid=2
It's all about "how much you made when you were right" & "how little you lost when you were wrong"