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SGX Q3 net profit up 1% to S$89m

THE Singapore Exchange (SGX) turned in an almost flat net profit of S$89.2 million for the third quarter ended March 2016 from S$88.2 million a year ago.

Revenue rose 3 per cent to S$205.8 million for the quarter versus S$199.3 million a year ago.

Earnings per share was up at 8.3 Singapore cents from 8.2 Singapore cents.

The board has declared an interim dividend of five Singapore cents per share, compared with four Singapore cents in the corresponding period a year ago, that is payable on May 6, 2016.

"Our results this quarter showed growth across our three business lines of equities and fixed income, derivatives and market data and connectivity," said SGX CEO Loh Boon Chye.

"This reflected higher levels of market activities as market participants react and adjust to the changes in benchmark interest rates and volatile commodity prices," he added.

SGX shares rose three Singapore cents or 0.4 per cent to S$8.05.

sentifi.com

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