Hong Kong's bourse reports 3% drop in first-half profits, Q2 activities pick up

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Hong Kong's bourse reports 3% drop in first-half profits, Q2 activities pick up
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HONG KONG : Hong Kong's bourse operator said it's cautiously optimistic for the year despite a 3 per cent drop in first-half profits on sluggish trading and subdued listing activities, as market revenue warmed up in the second quarter.

FILE PHOTO: The logo of Hong Kong Exchanges & Clearing Ltd. is seen at the financial Central district in Hong Kong, China September 14, 2020. REUTERS/Tyrone Siu/File PhotoHONG KONG : Hong Kong's bourse operator said it's cautiously optimistic for the year despite a 3 per cent drop in first-half profits on sluggish trading and subdued listing activities, as market revenue warmed up in the second quarter.

Its core revenue remained flat in the first half compared with a year earlier, but quarterly income from April to June rose 9 per cent to HK$3.16 billion.

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