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Futu Quarterly Profit Jumps 144% as Hong Kong Trading Explodes
Futu
Holdings posted a 144% jump in third-quarter profit, riding a wave of
heightened trading activity in Hong Kong stocks and rapid
expansion in cryptocurrency markets.The
online brokerage reported net income of HK$3.22 billion ($413.5 million)
for the three months ended September 30, compared with
HK$1.32 billion a year earlier. Revenue climbed 86% to HK$6.40
billion ($822.9 million), according to results released today (Tuesday).Futu
added 25…
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Futu Quarterly Profit Jumps 144% as Hong Kong Trading Explodes
Futu Holdings posted a 144% jump in third-quarter profit, riding a wave of heightened trading activity in Hong Kong stocks and rapid expansion in cryptocurrency markets.The online brokerage reported net income of HK$3.22 billion ($413.5 million) for the three months ended September 30, compared with HK$1.32 billion a year earlier. Revenue climbed 86% to HK$6.40 billion ($822.9 million), according to results released today (Tuesday).Futu added 25…
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