You are here

SGX's Q1 earnings fall 16.3% amid uncertain outlook

Exchange, which is sticking to its strategy of diversifying into new businesses, hopes to complete its acquisition of Baltic Exchange by end-November

"Our first-quarter performance this year reflects lower levels of market activities, compared with a more volatile market a year earlier," says CEO Loh Boon Chye.


THE Singapore Exchange can see macroeconomic storms ahead, but not how investors will react to the turbulence, chief executive Loh Boon Chye said on Wednesday as the market operator reported a 16.3 per cent drop in first-quarter net profit.

But SGX is sticking to a...