The latest update is out from Hong Kong Exchanges & Clearing ( (HK:0388) ).
Hong Kong Exchanges and Clearing Limited (HKEX) reported its financial results for the year ending December 31, 2024, showing a significant increase in revenue and profit compared to the previous year. The company achieved a revenue of HKD 22,374 million, up from HKD 20,516 million in 2023, and a profit of HKD 13,155 million, an increase from HKD 11,981 million. This growth was driven by higher trading fees, clearing and settlement fees, and other revenue streams. The financial statements were audited without qualification, indicating strong financial health. The results underscore HKEX’s robust market positioning and its ability to generate substantial returns for shareholders.
More about Hong Kong Exchanges & Clearing
Hong Kong Exchanges and Clearing Limited (HKEX) operates in the financial services industry, primarily offering trading, clearing, settlement, depository, and market data services. It is a key player in the Hong Kong financial market, facilitating the listing and trading of securities on the Hong Kong Stock Exchange.
YTD Price Performance: 34.89%
Average Trading Volume: 1,349
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $58.8B
For detailed information about 0388 stock, go to TipRanks’ Stock Analysis page.