Business

SGX Q1 net profit up 9.2% to $90m

This article is more than 12 months old

The positive sentiment spurring more market activity helped the Singapore Exchange improve performance across all business units in the first quarter.

Net profit reached $90.7 million, up 9.2 per cent from the same period a year earlier, while operating revenue in the three months to Sept 30 rose 7.1 per cent to $204.5 million.

Equities and fixed income revenue advanced 2 per cent to $99.7 million, led by a 9 per cent jump in takings from securities trading and clearing to $51.2 million.

Total value of securities traded during the quarter was $73.2 billion, which works out to a daily average traded value of $1.16 billion, an increase of 18 per cent from the same period last year.

Value of equities traded rose 14 per cent to $67.5 billion, although the average clearing fee fell from 3.00 basis points to 2.87 basis points, owing to a higher proportion of trading from market makers and liquidity providers.- THE STRAITS TIMES

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