Derivatives slump drags SGX's Q3 profit down 6.8%

Singapore

SINGAPORE Exchange (SGX) saw its net profit decline 6.8 per cent to S$83.1 million in its fiscal third quarter as its derivatives business confronts a slump in volumes and heightened competition.

On a per-share basis, net profit was 7.8 Singapore cents for the three months ended March 31, 2017, the market operator announced on Thursday after the market closed. SGX is maintaining its quarterly dividend payout of five Singapore cents per share.