The owner of the London Metal Exchange reported a 68% surge in commodity profit in 2015 as increasing fees from trading surpassed the first decrease in metals volume since 2009.
Hong Kong Exchanges & Clearing Ltd.’s earnings climbed to HK$1.19 billion ($153 million) from HK$706 million ($90.8 million) a year ago.
The bourse added commodities revenue rose to HK$1.74 billion ($224 million). Net income rallied to HK$7.96 billion ($1 billion) in 2015 from HK$5.17 billion ($665 million) a year earlier.
Hong Kong Exchanges will maximize the LME’s vitality in physical commodity to expand its reach in Asia. In 2012, the exchange acquired the LME for $2.2 billion.
The material has been provided by InstaForex Company – www.instaforex.com