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HKEx Profit on London Metal Exchange Drops as Trading Falls

Posted on 11 August 2016

Hong Kong Exchanges & Clearing Ltd. said earnings from its commodities business — primarily the London Metal Exchange — extended their slump in the first half as the world’s biggest metals bourse battles lower trading volumes.
The unit’s earnings before interest, tax, depreciation and amortization fell 19 percent to HK$513 million ($66 million) in the six months to June, from HK$632 million a year earlier, for their second consecutive decline over the half-year period. The HKEx’s first-half Ebitda across all its businesses, including equities and derivatives trading, fell 25 percent………………………………………..Full Article: Source


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