The Singapore Exchange (SGX), the country’s paramount exchange operator, has just reported its comprehensive financial metrics for the previous three-month period, which showed a robust performance across its securities and derivatives operations.
In terms of the group’s Q3 FY2018 net profit, SGX yielded a figure of S$100 million, up 15 percent on a year-over-year basis from S$83 million in Q3 FY2017.
Looking at SGX’s operating revenues during Q3 FY2018, the group reported S$222 million over this timeframe, growth of 10 percent year-over-year from S$202.7 million in Q3 FY2017.
Operating expenses also ticked higher in Q3 FY2018, coming in at S$104 million, higher by 5 percent on a year-over-year basis, compared to S$99 million in Q3 FY2017.
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One of the largest business segments that saw growth in Q3 FY2018 was SGX’s securities trading and clearing revenue which increased $6.4 million or 12 percent to S$61.7 million compared to S$55.3 million a year back. The figure accounted for 28 percent of SGX’s total revenues.
On a related note, SGX’s derivatives business achieved the largest advance on a year-over-year basis, rising to S$90 million from S$75.2 million in Q3 FY2017, or higher by 20 percent.
SGX’s earnings per share (EPS) also notched a rise on a year-over-year interval, disclosing 9.4 cents per share in Q3 FY2018, up 21 percent from 7.8 cents per share in Q3 FY2017.
Commenting on the results, Loh Boon Chye, Chief Executive Officer of SGX, said: “We achieved a strong set of results this quarter, with our net profit reaching a new 10-year record high and our revenues hitting their highest levels since we listed in 2000. We actively engaged liquidity providers and focused on outreach to investors, which contributed to increased activity in the securities market. Our marketing efforts, together with longer trading hours enabled by our new derivatives trading and clearing platform, added to an increase in global participation across products and trading sessions.”
Mr. Chye added in a statement on the group’s outlook and earnings: “Market activity is expected to improve as investors seek avenues to manage their portfolio risk. We will continue to build on our multi-asset offering and increase our servicing and marketing efforts across our domestic and international client base. We will also strengthen our global network through strategic partnerships and alliances.”