SINGAPORE EXCHANGE SEES NET PROFIT AT RECORD HIGH IN THIRD QUARTER OF FY2018

SINGAPORE, Singapore Exchange (SGX) announced on Friday its net profit for the third quarter of 2018 financial year reached 100.5 million Singapore dollars (about 76.37 million US dollars), hitting a record high for ten years and growing 21 percent year on year.

Meanwhile, SGX reported its revenue went up about ten percent to 222.2 million Singapore dollars; its operating revenue grew about 15 percent year on year to 117.9 million Singapore dollars; and its earnings per share was 9.4 Singapore dollar cents, up 21 percent year on year.

Besides, SGX’s Board of Directors has declared an interim dividend of five Singapore cents per share, payable on May 8, which is also the same with that for the previous quarter of this financial year.

SGX’s chief executive operator Loh Boon Chye said that the exchange actively engaged liquidity providers and focused on outreach to investors, which contributed to increased activity in the securities market.

“Our marketing efforts, together with longer trading hours enabled by our new derivatives trading and clearing platform, added to an increase in global participation across products and trading sessions,” he said.

Looking ahead, Loh said SGX would continue to build on its multi-asset offering and increase its servicing and marketing efforts across the domestic and international client base. Meanwhile, it will also strengthen the global network through strategic partnerships and alliances, he added. (1 U.S. dollar equals to 1.32 Singapore dollars) —

Source: NAM News Network

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