SGX's Q4 profit falls 12% on weak securities markets
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THERE was no element of surprise when Singapore Exchange announced yesterday that net profit for the final quarter slipped again, for the third straight quarter.
Net earnings for the fourth quarter ended June 30 slipped 12 per cent to S$77.42 million while revenue fell 15 per cent to S$172.6 million.
The poorer performance capped a financial year marked by crimped securities market activity amid record low volatility, curbed speculator appetite after last year's penny stock crash and investors exiting Asia into developed markets.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
