The Hong Kong Exchanges and Clearing Group reports a robust 2015 while Q4 results slumped over the prior quarter, yet finished the year strong.
The owner of multiple exchanges under the Hong Kong Exchanges and Clearing (HKEX) Limited group structure has today reported its consolidated financial statements for 2015 following approval from its board dated (today) March 2nd 2016, and showing a rise across top line metrics for company's 2015 earnings.
Gross revenues and other income including fees totaled HKD $13.375 billion for 2015, up 35% from HKD $9.849 billion for the prior year (2014). EBIDTA was HKD $10.085 billion up from HKD $6.891 billion year-over-year (YoY), and resulted in a profit of HKD $7.931 billion after operating expenses, a sharp rise of 54% from HKD $5.138 billion YoY.
The diluted earnings per share settled at HKD $6.67 per share, up $2.24 per share or 50% reflecting the increased net profit from 4.43 per share for 2014. Shares of HKEX under ticker 388:HK closed up 3.5% to HKD $175 per share today around time of the news.
Profits Surge Despite Q4 Slump
The company's balance sheet remained robust as the decrease of 5.4% in total assets from $251.8 billion in 2014 to $238.1 billion for 2015 was more than offset by an 11.5% reduction in the total liabilities from $230.5 billion to $203.9 billion, and as higher revenue and subsequent earnings were realized.
Net assets at the end of 2015 stood at HKD $14.595 after factoring equity and the above-mentioned liabilities against assets. From quarterly perspective results were lower from the Q3 peak, while still helping to contribute to the YoY increase, as seen in the excerpt from the HKEX's CEO presentation to investors earlier:
The exchange operator has controlling interests in nearly a dozen subsidiaries including full ownership of a number of business lines - such as the London Metals Exchange which recently revamped its trading pit.
HKEX owns a 75% controlling interest in OTC Clear. The company said that the accumulated non-controlling interests of OTC Clear at 31 December 2015 stood at $146 million, with the remaining 25% owned by a non-controlling interest, which doesn't have voting rights afforded by controlling members. The loss attributable to the company's non-controlling interests during the year amounted to HKD $25 million, lower than HKD $27 million YoY.
HKEX reorganized a number of its key business lines in mainland China as wholly foreign-owned enterprises, and its Stock Exchange Club Limited business was renamed as HKEX Investment (China) Limited effective on 29 February 2016, according to the nearly 100 page report that highlighted the group's yearly results.
The owner of multiple exchanges under the Hong Kong Exchanges and Clearing (HKEX) Limited group structure has today reported its consolidated financial statements for 2015 following approval from its board dated (today) March 2nd 2016, and showing a rise across top line metrics for company's 2015 earnings.
Gross revenues and other income including fees totaled HKD $13.375 billion for 2015, up 35% from HKD $9.849 billion for the prior year (2014). EBIDTA was HKD $10.085 billion up from HKD $6.891 billion year-over-year (YoY), and resulted in a profit of HKD $7.931 billion after operating expenses, a sharp rise of 54% from HKD $5.138 billion YoY.
The diluted earnings per share settled at HKD $6.67 per share, up $2.24 per share or 50% reflecting the increased net profit from 4.43 per share for 2014. Shares of HKEX under ticker 388:HK closed up 3.5% to HKD $175 per share today around time of the news.
Profits Surge Despite Q4 Slump
The company's balance sheet remained robust as the decrease of 5.4% in total assets from $251.8 billion in 2014 to $238.1 billion for 2015 was more than offset by an 11.5% reduction in the total liabilities from $230.5 billion to $203.9 billion, and as higher revenue and subsequent earnings were realized.
Net assets at the end of 2015 stood at HKD $14.595 after factoring equity and the above-mentioned liabilities against assets. From quarterly perspective results were lower from the Q3 peak, while still helping to contribute to the YoY increase, as seen in the excerpt from the HKEX's CEO presentation to investors earlier:
The exchange operator has controlling interests in nearly a dozen subsidiaries including full ownership of a number of business lines - such as the London Metals Exchange which recently revamped its trading pit.
HKEX owns a 75% controlling interest in OTC Clear. The company said that the accumulated non-controlling interests of OTC Clear at 31 December 2015 stood at $146 million, with the remaining 25% owned by a non-controlling interest, which doesn't have voting rights afforded by controlling members. The loss attributable to the company's non-controlling interests during the year amounted to HKD $25 million, lower than HKD $27 million YoY.
HKEX reorganized a number of its key business lines in mainland China as wholly foreign-owned enterprises, and its Stock Exchange Club Limited business was renamed as HKEX Investment (China) Limited effective on 29 February 2016, according to the nearly 100 page report that highlighted the group's yearly results.
Devexperts Teams Up with nuam Exchange to Boost Equity and Derivatives Trading
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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