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Singapore Exchange's Q1 profit falls 15%

Published on Oct 18, 2012 6:16 PM

Singapore Exchange has reported a 15.1 per cent drop in first quarter net profit to $74.3 million.

Revenue for the three months ended Sept 30 fell by 10 per cent to $160.5 million.

Its daily average traded value fell to $1.3 billion from $1.6 billion in the same period last year but was higher than the $1.1 billion chalked up in the quarter to June 30.

Earnings per share slipped to seven cents from 8.2 cents previously while net asset value per share eased to 66.15 cents compared to 81.34 cents a year earlier.

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