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Tuesday, October 22nd, 2019

Singapore Exchanges reports 3-pct decline in net profit for financial year 2017

by July 27, 2017 General

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SINGAPORE, July 27 (Xinhua) — Singapore Exchange (SGX) said on Thursday that its net profit hit 339.7 million Singapore dollars (250.2 million U.S. dollars) for the financial year 2017, down 3 percent from the previous financial year.

Meanwhile, SGX’s revenue went down 2 percent to 800.8 million Singapore dollars for the current financial year.

The operating profit declined 2 percent as well to 402 million Singapore dollars for 2017, when the earnings per share dropped 3 percent to 31.7 cents.

According to SGX, the Board of Directors has proposed a final dividend of 13 cents per share, payable on Oct. 6. With this, the total dividend for the year amounted to 28 cents per share, which represents an 88-percent payout of the net profit for financial year 2017.

In details, SGX’s equities and fixed income contributed revenues of 404.5 million Singapore dollars in financial year 2017, while the issuer services revenue amounted to 83.8 million Singapore dollars, the securities trading and clearing revenue hit 205 million Singapore dollars, the post trade services revenue reached 115.7 million Singapore dollars, the derivatives revenue declined 7 percent to 303.1 million Singapore dollars, and the market data and connectivity revenue increased 7 percent to 93.2 million Singapore dollars.