SGX announces first half profit of $165.8 million for FY2010

SGX announces first half profit of $165.8 million for FY2010

18/01/10

SGX results for 1H FY2010 (July to December 2009) versus 1H FY2009

  • Net profit:   $165.8 million, against $159.2 million a year ago

                        $71.8 million in 2Q FY2010 compared to $74.7 million in 2Q FY2009

  • Operating revenue: 6% increase to $324.0 million
  • Securities Daily Average Value up 34% to $1.6 billion and derivatives volume down 16%
  • Primary and secondary capital raising increased to $13.7 billion*, up from $1.8 billion**

Singapore Exchange Limited (SGX) today announced a net profit of $165.8 million for the first half of its financial year 2010.  Excluding non-recurring items, net profit was 7% higher compared to 1H FY2009 ($159.2 million).  In the second quarter of the financial year 2010, excluding the non-recurring items, net profit of $77.0 million was 3% higher than a year ago. Operating revenue increased 6% to $324.0 million (1H FY2009: $304.9 million). 

The recovery in equity markets is reflected in our securities daily average trading value increasing to $1.6 billion (1H FY2009: $1.2 billion) and a good start to trading in 2010. With a return of capital markets activity, the IPO side of our business is expected to see a better year. Our derivatives business, while affected by a decline in volatility resulting in lower trading volume (27.4 million contracts), held up well with the addition of new market participants and supporting technology.  

Please refer to the “CEO’s Statement” and “Financial Highlights”, as attached, for details.

The complete 1H FY2010 financial statements are available on the Investor Relations page of our website at www.sgx.com.  (SGX SP, SGXL.SI)