SINGAPORE (July 27): Singapore Exchange (SGX) posted its highest revenue since its 2000 listing after all three core businesses of securities, bonds and derivatives registered higher revenue.
Earnings for the FY18 ended June rose 7% to $363 million -- also its highest since 2013 -- while revenue rose 5% at $845 million. Analysts had expected earnings of $372 million on revenue of $849.2 million, according to Thomson Reuters.
Loh Boon Chye, Chief Executive Officer of SGX, says, “FY2018 was a record milestone in our financial performance as we achieved our highest revenue since listing in 2000 and the highest profit in five years. 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.”