SGX listcos eke out 0.4% higher quarterly profits in Q4; analysts generally positive for 2024 

EARNINGS of companies listed on the Singapore Exchange (SGX) rose marginally in the fourth quarter of 2023 ended December, despite gains from banks that reported record profits and aviation-related stocks on the back of air travel recovery.

According to data compiled by The Business Times as at Mar 7, the aggregate profits of the 64 SGX-listed companies that had released their quarterly financial results or updates for the quarter stood at S$6.92 billion, up 0.37 per cent from the corresponding year-ago period.

Some 38 of these companies were profitable in the quarter to December, while 26 were in the red.