Hong Kong Exchanges net profit up 49%

HONG KONG–Hong Kong Exchanges & Clearing Ltd. (0388.HK) said Wednesday that its first-quarter net profit rose 49% from a year earlier, thanks to higher revenue from trading and listing fees.

Hong Kong’s stock-exchange operator said net profit for the three months ended March rose to 2.56 billion Hong Kong dollars (US$326.1 million) from HK$1.72 billion the previous year, while revenue and other income rose 36% from a year ago to HK$4.15 billion.

The company didn’t declare a dividend for the quarter.

HKEx’s share price rose 0.3% to HK$257 at midday ahead of the earnings release.

Write to Chester Yung at chester.yung@wsj.com

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