SGX third-quarter net profit rose 25% to $98 million

As traded values and volumes surged.

In a release, SGX announced it recorded revenue of $191 million from $164 million a year before, net profit of $98 million from $78 million, and earnings per share (EPS) of 9.1 cents from 7.3 cents.

The Board of Directors has declared an interim dividend of 4.0 cents per share, payable on 2 May 2013.

Mr Magnus Bocker, SGX CEO, said, “We are reporting a net profit of $98 million, an increase of 26% from a year ago. A stronger market during the third quarter saw Securities daily average traded value of $1.7 billion, up 17% year-on-year. Our Derivatives market delivered a second consecutive record quarter with daily average traded volume of 479,235 contracts, up 52% year-on-year.”

Securities daily average traded value (SDAV) for the quarter was $1.7 billion, up 17% year-on-year ($1.5 billion) and up 41% quarter-on-quarter ($1.2 billion).

Derivatives daily average traded volume (DDAV) for the quarter was a record 479,235 contracts, up 52% year-on-year (315,919 contracts), and up 34% quarter-on-quarter (358,532 contracts). Several other records were also set this quarter, including monthly DDAV of 512,551 contracts in February and single-day Open Interest of 3.2 million contracts on 7 March 2013.

Issuer Services: Total equity funds raised were $2.4 billion, up from $484 million a year ago. Primary equity funds of $955 million ($36 million) were raised from five (two) Initial Public Offers (IPOs) and one Global Depository Receipts (GDR). Secondary equity funds of $1.5 billion were raised, up from $448 million a year earlier. There were 107 (105) new bond listings, raising $48.6 billion ($54.7 billion). 

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