Hong Kong Exchanges and Clearing Limited (HKEX) today posted its financial report for the final quarter of 2022.
Q4 2022 revenue and other income of $5,201 million was 10% higher than the level reported for Q4 2021, reaching record fourth quarter high.
Core business revenue was up 7% against Q4 2021, attributable to the increase in net investment income from Margin Funds. Net investment income on Corporate Funds rose 52% against Q4 2021 due to higher interest income and higher fair value gains of the External Portfolio, but was partly offset by a non-recurring valuation gains of long-term equity investments in 2021.
EBITDA margin remained the same at 74%.
Profit…
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