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Sector
Financials
Size
Large Cap
Market Cap £5.75bn
Enterprise Value £5.52bn
Revenue £584.4m
Position in Universe 275th / 6099

Singapore's SGX posts biggest net profit in a decade

Fri 27th July, 2018 10:58am
SINGAPORE, July 27 (Reuters) - Singapore Exchange Ltd 
 SGXL.SI  on Friday posted annual net profit of S$363 million
($266.3 million), slightly below analysts' expectations, but
still its biggest in a decade bolstered by record derivatives
trading volumes and bond listings.
    The net profit, up 7 percent from a year earlier, came
against a revenue of S$845 million, which was the highest since
2000 and up 5 percent on the year.
    Analysts' average estimate for net income was S$372.32
million, according to Thomson Reuters I/B/E/S, and the estimate
for revenue was $849.2 million.
    Loh Boon Chye, chief executive officer of SGX, said: "FY2018
was a record milestone in our financial performance.
    "All three core businesses registered higher revenues. Our
securities daily average traded value (SDAV) hit a five-year
high, with the number of bond listings and derivatives trading
volumes reaching record highs."
 ($1 = 1.3633 Singapore dollars)

 (Reporting by John Geddie; Editing by Gopakumar Warrier)
 ((John.Geddie@thomsonreuters.com; +65 6403 5578; Reuters
Messaging: john.geddie.thomsonreuters.com@reuters.net))
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