Hong Kong exchange's 2024 profit rises 10% on higher trading revenues
HONG KONG, Feb 27 (Reuters) - Hong Kong's bourse operator reported on Thursday a 10% rise in profit in 2024, beating forecasts, bolstered by a sharp jump in trading revenues after the announcement of China economic stimulus measures boosted investor sentiment.
The profit attributable to shareholders of Hong Kong Exchanges and Clearing Ltd (HKEX) (0388.HK), opens new tab rose to HK$13.05 billion ($1.68 billion) last year from HK$11.86 billion in 2023, according to its earnings statement.
The profit was ahead of a HK$12.96 billion average forecast from analysts compiled by LSEG.
($1 = 7.7758 Hong Kong dollars)
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