Singapore Exchange’s FY15 Net Profit Up 8.8% To $348.6 Million

Singapore Exchange announced FY15 operating revenue of $778.9 million, expanding 13.4 percent from a year ago, while net profit grew 8.8 percent to $348.6 million.

The better performance was attributed to the derivatives business which grew by $87 million, partially offset by weaker performance from the securities business.

Expenses increased 19.5 percent due to increased staff, technology, and processing and royalties expenses.

The group expects operating expenses for FY16 to be between $425 million and $435 million, while technology-related capital expenditure is expected to be between $75 million and $80 million.

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