Published On: Tue, Apr 19th, 2011

SGX Operations Show Strong Third Quarter

* Revenue: $169 million ($153 million in 3Q FY2010)
* EBITDA1: $103 million ($97 million)
* Net Profit: $67 million ($75 million)
* Net Profit excluding ASX-SGX transaction related costs & gains from disposal of premises: $77million

Singapore Exchange (SGX) announced April 19 a 4% year-on-year increase in net profit to $77.3 million, excluding the ASX-SGX transaction related costs of $12.0 million and gain from disposal of premises of $1.7 million, for the third quarter of financial year 2011. Excluding these items, return on equity and earnings per share were 10.3% (10.2%) and 7.25 cents (7.01 cents) respectively.

Revenue rose 10% to $168.8 million as major businesses – particularly derivatives and depository – grew.

The derivatives market achieved all-time high daily average volume of 315,650 contracts on increased volatility especially in March. SGX was the world’s third-biggest capital-raising centre in the quarter, raising a total of $7.5 billion from 112 new listings including Hutchison Port Holdings.
Mr Magnus Bocker, SGX CEO, said “Despite global uncertainties and tough market conditions, our performance was solid and strong in the quarter. We continue to expand our products and services including adding OTC clearing of Foreign Exchange Forwards and more metal futures.

Our Reach initiative achieved its first milestone when we opened the SGX Data Centre on 11 April. We look forward to offering the world’s fastest trading engine and international liquidity hubs in the coming months.”

Directors have declared an interim dividend of 4.0 cents per share for the third quarter of FY2011.

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