SGX posts net profit of $74.6 million in third quarter FY2010

SGX posts net profit of $74.6 million in third quarter FY2010

16/04/10

  • Net Profit: Up 35% to $74.6 million (3Q FY2009: $55.3 million)
  • Operating Revenue: Up 28% to $153.3 million ($119.8 million)
  • Net Profit Margin: 48% (46%)
  • Return on Equity: 10.2% (annualised 40.8%)

Singapore Exchange (SGX) today announced a net profit of $74.6 million for the third quarter of its financial year 2010, up 35% from 3Q FY2009. This brings profit for the first nine months to $240.4 million, up 12% from $214.5 million a year ago.  

Earnings per share for the quarter was 7.01 cents, bringing the total to 22.60 cents for the fiscal year to date. Directors have declared a quarterly base dividend of 3.75 cents, amounting to a total to 11.25 cents for the fiscal year as at 31 March 2010.

Mr Magnus Bocker, SGX CEO said, “The market outlook continues to improve. Our IPO pipeline is strong and we expect continued interest in capital raising. Increased investment flows in Asia support our Asian Gateway positioning. This gives us more opportunities to work with key market constituents in extending our global reach.”

Please refer to SGX Interim Report for the third quarter FY2010 for full details. The report is also available on our website at www.sgx.com.  (SGX SP, SGXL.SI)