SGX Q3 profit inches up to S$89.2m; revenue up 3%

Singapore

SINGAPORE Exchange (SGX) posted a slight increase in net profit during its third fiscal quarter as higher market volatility lifted revenues but competition affected margins for some products.

Net profit increased by 1.1 per cent to S$89.2 million, or 8.3 Singapore cents per share, for the three months ended March. Operating revenue rose 3 per cent to S$206 million.

For the nine-month period, net profit grew by 7.8 per cent to S$272.2 million, or 25.4 Singapore cents per share.

SGX has declared a dividend of five Singapore cents per share for …