HKEx sees another profit record
Hong Kong Exchanges & Clearing saw record-high profit for the fourth consecutive year in 2007. Profit attributable to shareholders rose 145% to $6.2 billion. A total dividend of $5.19 per share was recommended, up 144% on a year earlier.
HKEx recorded an $8.4-billion income, up 102% on a year earlier, with operating expenses up 17% to $1.4 billion. The profit before taxation amounted to $7.2 billion.
The rise in total operating expenses was mainly due to increases in staff costs and premises expenses driven by buoyant job and property markets, and higher legal and professional fees.
Profit attributable to shareholders rose 145% to $6.2 billion, mainly due to higher turnover-related income, higher net investment income and the one-off gain on disposal of an associate during the year.
A final dividend of $3.40 per share will be paid to shareholders on April 24. Together with the interim dividend of $1.79 per share, it will bring the total dividend distribution for the year to $5.19 per share.
Investment fund
The group's total assets rose 117% to $87.9 billion, with shareholders' funds and net assets per share up 59% to $8.4 billion and $7.83.
The funds available for investment comprise Corporate, Margin and Clearing House Funds totalling $49.7 billion on average in the year, while the overall size of funds available for investment rose 130% to $69.1 billion.
Working capital rose 72% to $7.4 billion, primarily due to the $6.1 billion profit generated during the year.
The year saw 82 companies newly listed on the Main Board and two companies on the Growth Enterprise Market. Total capital raised, including post-listing funds, reached $509.4 billion. The number of companies listed on the Main Board and Growth Enterprise Market were 1,048 and 193.
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