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SGX's Q4 net profit falls 20% to S$77m

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SINGAPORE Exchange (SGX) on Wednesday posted a net profit of S$76.8 million for the fourth quarter ended June 2016, down 20.1 per cent from S$96.2 million a year ago.

SINGAPORE Exchange (SGX) on Wednesday posted a net profit of S$76.8 million for the fourth quarter ended June 2016, down 20.1 per cent from S$96.2 million a year ago.

Revenue fell 8 per cent to S$198.0 million from S$215.3 million previously.

Earnings per share stood at 7.2 Singapore cents, lower than nine Singapore cents a year ago.

For the full year, net profit was flat at S$349 million from S$348.6 million in financial year 2015, on the back of a 5 per cent increase in revenue to S$818.1 million.

The board has proposed a final dividend of 13.0 Singapore cents per share, bringing total dividend for the year to 28.0 cents per share, unchanged from a year earlier.

SGX shares closed at four Singapore cents or 0.5 per cent higher at S$7.74 on Wednesday.