SGX's non-equities revenue growth boosted by recent acquisitions
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SINGAPORE Exchange's (SGX) non-equities business segments have seen their revenue grow strongly in the latest financial year, with contributions from recently acquired subsidiaries providing a boost, even as equities revenue decline.
The fixed income, currencies and commodities (FICC) and data, connectivity and indices (DCI) segments now account for 34 per cent of SGX's total revenue in FY2021, up from around 28 per cent the year before, and SGX continues to see growth opportunities in these areas.
SGX reported on Thursday a 20.5 per cent decline in H2 net profit as operating revenue fell 6.8 per cent, but the company noted that full-year revenue of S$1.06 billion had matched its record revenue from FY2020.
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