SGX Q1 profit up 25%, highest quarterly profit in over 10 years

Singapore

SINGAPORE Exchange (SGX) on Thursday reported a 25 per cent jump in its first quarter net profit to S$114.2 million, its highest quarterly net profit in more than a decade, driven by higher demand for its suite of investments and risk managements tools across its currency, commodity and equity asset classes.

Earnings before interest, tax, depreciation and amortisation (Ebitda) was S$156.4 million compared to S$121.6 million a year ago. Earnings per share rose 26 per cent to 10.7 Singapore cents, from 8.5 cents a year ago, sufficient for the board to declare an interim dividend of 7.5 cents a share, unchanged from a year ago. This is payable on Nov 11.

SGX CEO Loh Boon Chye said: "We had a strong start to FY2020, with robust performance across all key financial metrics and the highest quarterly n…