May 7, 2020 / 4:25 AM / a month ago

Hong Kong bourse operator profit falls 13% in first quarter

HONG KONG, May 7 (Reuters) - Hong Kong Exchanges and Clearing Ltd (HKEX) on Thursday reported a 13% drop in first-quarter profit as investment losses outweighed a surge in trading volumes.

The Hong Kong bourse operator’s net profit fell to HK$2.26 billion ($291.58 million) in the first three months of 2020, from HK$2.61 billion a year earlier. ($1 = 7.7510 Hong Kong dollars) (Reporting by Alun John; Editing by Aditya Soni)

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