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SGX Q3 profit inches up to S$89.2m; revenue up 3%

Derivatives volumes up 24% but related revenue up just 3.2% as competition hits margins of some products

Singapore

SINGAPORE Exchange (SGX) posted a slight increase in net profit during its third fiscal quarter as higher market volatility lifted revenues but competition affected margins for some products.

Net profit increased by 1.1 per cent to S$89.2 million, or 8.3 Singapore cents

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