Epic Research Singapore : Sgx Singapore News Update

Singapore Exchange Q3 net profit falls 22%

 

Singapore Exchange Ltd reported a 22 per cent fall in net profit on Wednesday, hit by a continued slide in share trading volumes, though a steady performance by its derivatives, listings and market data businesses meant it fared better than analysts expected.
 
SGX posted a net profit of S$75.8 million (US$60.33 million) for the March quarter, above the S$73.8 million average of five analysts polled by Reuters.

The exchange, Asia's third largest listed bourse by market value, has been hit by a slide in securities trading volumes following a penny stock crash last October. In March, the volume of securities traded on the exchange was 25 per cent lower than a year ago.

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