Advertisement
Singapore markets close in 7 hours 10 minutes

  • Straits Times Index

    3,265.47
    -27.66 (-0.84%)
     

  • Nikkei

    37,943.92
    -516.16 (-1.34%)
     

  • Hang Seng

    17,138.64
    -62.63 (-0.36%)
     

  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     

  • Bitcoin USD

    64,312.77
    -2,550.56 (-3.81%)
     

  • CMC Crypto 200

    1,395.25
    -28.85 (-2.03%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • Dow

    38,460.92
    -42.77 (-0.11%)
     

  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     

  • Gold

    2,331.60
    -6.80 (-0.29%)
     

  • Crude Oil

    82.65
    -0.16 (-0.19%)
     

  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     

  • FTSE Bursa Malaysia

    1,571.94
    +0.46 (+0.03%)
     

  • Jakarta Composite Index

    7,174.53
    -7,110.81 (-49.78%)
     

  • PSE Index

    6,597.17
    +24.42 (+0.37%)
     

Deutsche Boerse first-quarter profit up 33%, in line with expectations

Reuters
Updated ·1-min read
The German share prize index (DAX) board is seen at the end of a trading day at the German stock exchange (Deutsche Boerse) in Frankfurt

FRANKFURT (Reuters) - German exchange operator Deutsche Boerse <DB1Gn.DE> on Wednesday posted a 33% rise in first-quarter net profit, in line with expectations, and left its guidance for the year unchanged.

Wild swings in financial markets helped Deutsche Boerse revenue, which rose 27% to 914.8 million euros ($993.38 million).

Consolidated net profit was 367.2 million euros, up from 275.2 million euros a year ago.

Deutsche Boerse said that it was sticking to its profit target of 1.2 billion euros in adjusted net profit for 2020, despite the strong start to the year.

It said that it anticipates declines in some business areas, such as in interest income at Clearstream after the U.S. Federal Reserve's moves to lower interest rates.

(Reporting by Tom Sims; Editing by Chris Reese and Emelia Sithole-Matarise)