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Singapore Exchange's Q3 net profit down 22 per cent at $76m

Published on Apr 23, 2014 6:01 PM
 
The Singapore Exchange (SGX) has posted a third-quarter net profit of $76 million, down 22 per cent from the same period a year earlier after what it termed a "challenging" period for its securities business. -- PHOTO: REUTERS

The Singapore Exchange (SGX) has posted a third-quarter net profit of $76 million, down 22 per cent from the same period a year earlier after what it termed a "challenging" period for its securities business.

Revenue slipped 13 per cent year-on-year to $166 million.

A total of five listings in the quarter raised $400 million, down from six listings raising $1.8 billion a year earlier.

Secondary equity funds of $700 million were raised, down from $1.5 billion a year earlier.

 
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