Singapore Exchange posts strongest profit in five years

A RECORD year for derivatives turnover and improved market activity overall helped the Singapore Exchange (SGX) post its strongest results in five years.

Fourth quarter net profit jumped 43 per cent to $87.6 million from $61.1 million a year ago while revenue rose 28 per cent to $202 million for the three months to June 30.

Full-year earnings rose 15 per cent to $335.9 million with revenue up 10 per cent to $715 million, due in part to a 23 per cent rise in derivatives sales and 9 per cent lift in securities turnover.

Earnings per share stood at 31.4 cents, up 15 per cent on the 27.3 cents recorded last year while net asset value as at June 30 was 83.11 cents per share, up from 77.99 cents a year earlier.

"This is our best performance since (the 2008 financial year)," said SGX chief executive Magnus Bocker in a statement today.

SGX has proposed a final dividend of 16 cents a share, taking the total dividend to 28 cents per share. It also said it plans to retain the current base dividend of four cents per share per quarter.

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