SGX posts 8.8 per cent decline in net profit due to weaker treasury income, higher operating expenses
BOURSE operator Singapore Exchange (SGX) S68 : S68 0%posted an 8.8 per cent decline in net profit to S$218.7 million for the first half of its financial year 2022 ended Dec 31, 2021, down from S$239.8 million it reported a year ago.
This was due to a decline in treasury income, which fell by S$5 million to S$21 million for the first half of this year. Still, the decline was smaller than in the second half of the company’s financial year 2021 ended June 30, 2021, when treasury income fell by S$22 million to S$26 million.
In an earnings call on Friday (Feb 4), SGX chief financial officer Ng Yao Loong said: “We do expect treasury income pick-up to be modest at least for the next few months, and it will take another few months before you see a material uptick in the treasury income.”
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone