Singapore Exchange half-year profit jumps on strength in equity segments (updated)

Singapore Exchange

05/02/2025 22:52

(Updates with details about results in paragraphs 2-4)
       Feb 6 (Reuters) - Singapore Exchange  SGXL.SI  posted a
27.3% rise in its half-yearly profit on Thursday, driven by
strong performance across all its business segments.
        Cash equities and equity derivatives led the broad-based
performance, followed by currencies and commodities, Chief
Executive Officer Loh Boon Chye said.
  
        Cash equities' net revenue increased 22.3% to S$192.6
million ($142.90 million) in the first half, while that of
derivatives equities jumped 21.6% to S$177.4 million. 
  
        The bourse operator also declared an interim dividend of
9 Singapore cents per share, higher than the 8.5 Singapore cents
announced a year ago.
  
        While the city-state hosts around $4 trillion worth of
assets under management owing to low taxes, political stability,
and strategic location as a gateway to Southeast Asia, the
bourse operator 
    has been struggling
     to attract listings from high-growth companies.
  
        Singapore Exchange posted an adjusted net profit of
S$320.1 million for the six months ended Dec. 31, compared with
S$251.4 million a year earlier.
  


($1 = 1.3478 Singapore dollars)

 (Reporting by Sherin Sunny and Nikita Maria Jino in Bengaluru;
Editing by Shilpi Majumdar and Maju Samuel)
 ((Sherin.Sunny@thomsonreuters.com))