SGX Q2 profit up 9.2%; derivatives remain sweet spot
Singapore
SINGAPORE Exchange's second quarter net profit rose 9.2 per cent to S$96.5 million from a year ago on the back of higher revenue, particularly in its ever-growing sweet spot - derivatives - and market data and connectivity while the equities and fixed income businesses were tested by a fragile global backdrop.
The group's topline improved 9.3 per cent in the three months to December to S$224.16 million from S$205.05 million. Equities and fixed income revenue fell 12 per cent to S$86 million and accounted for 38 per cent of total revenue while derivatives revenue picked up by a healthy 35 per cent to a record S$113 million, making up 50 per cent of total revenue. Revenue from market data and connectivity rose 6 per cent to S$25.7 million.
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