10:00AM Hongkong, China - Hong Kong Exchanges and Clearing Limited revenue fell 41% and net profit fell 49%.

Hong Kong Exchanges and Clearing Limited, the operator of Asia’s third-biggest stock market reported first quarter revenues fell 41% to HK$1.34 billion from HK$2.28 billion a year ago. Net profit in the quarter fell 49% to HK$834.2 million or HK$0.77 per diluted share compared to net profit of HK$1.65 billion or HK$1.53 per share a year ago

Hong Kong Exchanges and Clearing Limited, in the last one year traded as high as HK$153.70 in May 2008 and as low as HK$49.70 in November 2008. Based on the yesterday’s closing price of HK$105.20 the company has market cap of HK$113.40 billion.