Hong Kong bourse logs first profit in three quarters, IPOs pick up

Pedestrians walk past the Exchange Square complex which houses the HKEX. —Bloomberg

HONG KONG: Hong Kong's bourse has booked its first profit growth in three quarters, marking record revenue and income for an April-June period as IPO and trading activity improved.

Net income for Hong Kong Exchanges and Clearing (HKEX) climbed 9% from a year earlier to HK$3.16 billion ($405 million) on a 7% gain in revenue.