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Sector
Financials
Size
Large Cap
Market Cap £5.73bn
Enterprise Value £5.50bn
Revenue £589.0m
Position in Universe 277th / 6141

Singapore Exchange reports 12% rise in first-half profit

Fri 22nd January, 2021 9:49am
SINGAPORE, Jan 22 (Reuters) - Singapore Exchange Ltd
 SGXL.SI  posted a 12% increase in net profit for the six months
ending December, with its equities business supported by its
expanded Asian derivatives products and higher trading activity.
    "Having established ourselves as a multi-asset exchange, we
will continue to drive growth through strategic partnerships,
client acquisitions and new product offerings such as Exchange
Traded Funds covering equities and fixed income," CEO Loh Boon
Chye said in a statement.
    SGX is one of the world's biggest global listing hubs for
real estate investment trusts and business trusts - a key
segment for retail investors.
    SGX said first-half adjusted net profit, which excludes
one-off items such as acquisition-related expenses and realised
gains or losses from associates, rose 7%.

 (Reporting by Anshuman Daga; Editing by Catherine Evans)
 ((anshuman.daga@tr.com))
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