SGX’s net profit drops by 3% to $84m in 2Q16

Anemic market sentiment dragged its bottomline.

Singapore’s local bourse is weathering an market storm, causing lacklustre earnings across the board.

According to a press release by Singapore Exchange (SGX), operating profit was also down by 4% at $98m, while revenue stayed flat at $195m.

SGX added that expenses, on the other hand, increase by $3.5m to $97.1m, while earnings per share was 7.8 cents.

Meanwhile, a strong first quarter was able to salvage its first half performance, as its net profit for the first half of 2016 was up by 11% from a year earlier to $183m.

For its market activities, SGX says its securities revenue dropped by 10% to $46.6m and accounted for 24% of its total revenue, owing to a decline in market activities.

Derivatives revenue also fell by 1% to $77.6m, accounting for 40% of total revenue.

“Equity and Commodities derivatives revenue was $56.3 million, down 3% from $58.0 million. This reflected a 2% fall in total volumes to 39.3 million contracts (40.0 million contracts) as a result of decline in the Japan Nikkei 225 futures and options volumes,” SGX said.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia