LOGO
LOGO

Breaking News

Futu Holdings Q3 Profit Improves, Declares Special Dividend

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Futu Holdings Ltd. (FUTU), a Hong Kong-based financial services provider, on Tuesday reported a rise in net profit for the third quarter, reflecting an increase in revenue.

For the three-month period to September 30, the company recorded a net income of Hong Kong dollar or HK$1.321 billion or HK$1.18 per share, higher than HK$1.091 billion or HK$0.98 per share, registered for the same period last year.

Earnings per ADS stood at HK$9.42, compared with HK$7.86 per ADS in the prior year.

Excluding items, profit improved to HK$1.398 billion from the prior year's HK$1.157 billion.

Income before income tax expense and share of loss from equity method investments stood at HK$1.599 billion as against the prior year's HK$1.303 billion.

Income from operations increased to HK$1.731 billion from the previous year's HK$1.320 billion.

Total trading volume increased by 74.7 percent year-over-year to HK$1.90 trillion, in which trading volume for U.S. stocks was HK$1.53 trillion, and trading volume for Hong Kong stocks was HK$347.7 billion.

Total number of paying clients increased 33.1 percent year-over-year to 2,196,647 as of September 30.

Revenue was HK$3.436 billion, up from last year's HK$2.650 billion.

Brokerage commission and handling charge income was HK$1.528 billion, up 51.5 percent from last year. This was mainly due to the 74.7 percent year-over-year increase in total trading volume.

Interest income was HK$1.698 billion, an increase of 12.9 percent from a year ago, mainly due to higher margin financing income as well as higher interest income from securities borrowing and lending business.

The company will pay a special cash dividend of $0.25 per share, or $2 per ADS, to holders of shares and holders of ADSs as of December 6.

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - May 04 – May 08, 2026

May 08, 2026 15:50 ET
Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.

RELATED NEWS
Latest Updates on COVID-19