Hong Kong Exchanges and Clearing (HKEX), owner of the London Metal Exchange, has reported higher revenues and earnings in its first-quarter results this week, on lower LME volumes and higher operating expenses.
The group's consolidated results for the three months to 31 March 2019 showcase an overall revenue increase of 3% compared with the first quarter of 2018, while earnings before interest, taxes, depreciation and amortization (Ebitda) similarly climbed 3% compared to last year.The LME, which accounts for around 17% of HKEX's overall revenue,...