The Singapore Exchange (SGX) has reported its Q2 FY2017 financial statistics, encompassing the previous three-month period at the exchange – its latest figures show a healthy uptick in net profits, having risen YoY, per a company filing.
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In terms of the group’s Q2 FY2017 net profit, SGX yielded a figure of $88.3 million, overtaking its Q2 FY2016 counterpart by $83.7 million, or 5.5% higher YoY. This was reinforced by a growth in operating profits as well, which climbed to $102.4 million for Q2 FY2017, up 5.3% YoY from $97.2 million in Q2 FY2016.
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Looking at SGX’s operating revenues during Q2 FY2017, the group reported $199.6 million over this timeframe, justifying a slight growth of 2.6% YoY from $194.6 million in Q2 FY2016. Helping this figure was a stagnation in operating expenses in Q2 FY2017, coming in at $97.2 million, unchanged YoY from $97.1 million in the year prior.
In particular, one of SGX’s more active segments, its Securities Trading and Clearing division, rose to $52.1 million in Q2 FY2017, accounting for 26.0% of total revenue. This latest reading is up 11.6% YoY from $46.7 million in Q2 FY2016, led by clearing revenue, which orchestrated a growth of 12.0% YoY to $40.4 million from $36.2 million in Q2 FY2016.
SGX’s earnings per share (EPS) also notched an uptick on a YoY basis, disclosing $0.082 cents per share in Q2 FY2017, up 5.1% YoY from $0.078 cents per share in Q2 FY2016 – the group’s dividend was unchanged at $0.05 cents per share in Q2 FY2017.
According to Loh Boon Chye, CEO of SGX, in a recent statement on the financial metrics: “Our results this past quarter reflect higher levels of market activities compared to a year earlier as the conclusion of the US Presidential Election and clarity on the interest rates environment brought participants back to the market. We successfully completed the acquisition of the Baltic Exchange during the quarter.”