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SGX profits inch up 0.1% to $88.35m in Q2

SGX profits inch up 0.1% to $88.35m in Q2

There were 289 bond listings raising $103.5b.

The Singapore Exchange's (SGX) profits inched up 0.1% YoY from $88.3m to $88.35m in Q2.

According to its financial statement, its operating revenue grew 2.7% YoY from $199.6m to $205.05m, but revenue from professional fees slumped 67.7% YoY from 3.89m to $1.26m.

Equities and Fixed Income, comprising of Issuer Services, Securities Trading & Clearing and Post Trade Services, declined by 4% to $97.5m, accounting for 48% of total revenue.

Issuer Services revenue increased 4% to $20.3m, contributing to 10% of total revenue.

Listing revenue grew 3%, following a higher number of new bond and equity listings. There were 289 bond listings raising $103.5b. With regards to equities, there were seven new listings which raised $1.6b, whilst secondary equity funds raised amounted to $2.1b.

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Securities Trading and Clearing revenue decreased 1% to $51.8m and accounted for 25% of total revenue.

Post Trade Services revenue declined 15% to $25.4m, whilst derivatives revenue rose by 11% to $83m.

The Board of Directors has declared an interim dividend of 5 cents per share, payable on 5 February 2018.



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