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Key messages
Profit attributable to shareholders for 2017 was 28 per cent higher than prior year reflecting the combined effect of revenue growth and continuing cost discipline.
Key highlights for the year include:
- Revenue and other income for 2017 was 19 per cent higher than 2016. This growth included:
- Higher trading and clearing fees driven by a 32 per cent increase in Cash Market turnover, partly offset by lower HKFE volumes and LME revenue;
- An increase in Stock Exchange listing fees from growth in the number of newly listed securities; and
- A significant increase in net investment income from both Corporate and Margin Funds.
- Operating expenses grew by 3 per cent against the prior year. While continuing to invest in key strategic initiatives, the Group has maintained a disciplined approach to cost management.
- The EBITDA margin of 73 per cent was 4 per cent higher than 2016, driven by the significant growth in revenue and other income as compared to the prior year.
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