Singapore Exchange rings up record earnings, caps year with additional one-off dividend (updated)
UPDATE 2-Singapore Exchange rings up record earnings, caps year with additional one-off dividend Rewrites paragraph 1, adds details in paragraphs 5,6,8,10,11
Aug 6 (Reuters) - Bourse operator Singapore Exchange (SGX) SGXL.SI reported record full-year earnings on Thursday on growth across its businesses, while also proposing a one-off additional dividend .
Singapore's equity market has gained this year after the Monetary Authority of Singapore launched a programme to revive listings and improve liquidity.
"Growth was broad-based, with our cash equities business leading the way and our foreign exchange and commodities pillars reaching new volume highs," said Loh Boon Chye, Chief Executive Officer of SGX Group.
A broader rotation of global capital toward Asian safe-haven assets amid dollar volatility has also helped, with the Straits Times Index .STI hitting repeated record highs during the year.
The city-state's bourse operator hosted 21 equity listings, up from six a year earlier, raising S$4.1 billion.
SGX said its IPO pipeline includes companies in sectors such as digital infrastructure, healthcare and consumer.
Full-year net revenue from equities-cash segment rose 28.1% and accounted for more than a third of the group's net revenue which rose 13.9% to an all-time high of S$1,478.3 million ($1.15 billion).
Its annual net revenue from fixed income, currencies and commodities (FICC) increased 17% to S$376.1 million, accounting for nearly 25.5% of group's net revenue.
The company proposed a final quarterly dividend of 11.5 Singapore cents per share, higher than 10.5 SG cents apiece declared last year.
Gains from capital recycling enabled SGX to propose a one-off additional dividend of 12.5 Singapore cents per share.
SGX said it expects expenses to increase by 6% to 8% and record capital expenditure of S$S100 million in fiscal 2027, as it continues to invest in technology to support future growth.
Singapore Exchange posted full-year adjusted net profit of S$759.5 million ($592.62 million), compared with S$609.5 million reported a year ago.
($1 = 1.2816 Singapore dollars)
(Reporting by Sherin Sunny and Roshan Thomas in Bengaluru; Editing by Rashmi Aich and Nivedita Bhattacharjee)
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