SGX's net profit slips 16.3% to $83m

Blame it on lower market activities.

The local market has not been busy in the past quarter for Singapore Exchange to report exciting figures this result season. It has welcomed it 1Q17 with less cheer as it reported a 16.3% decline in net profits, from $99.3m to only $83.m.

This slowdown in earnings can be seen in the market infrastructure's headline, with revenues down 13% from a year earlier to $19m.

SGX CEO Loh Boon Chye said this reflects lower levels of market activities, compared to a much more volatile market in the previous year.

"Nevertheless, we remain committed to our long-term investment and diversification strategy while maintaining cost discipline. Our acquisition of the Baltic Exchange is progressing and we expect to complete the transaction by end November 2016,” he said.

Out of its services, the issuer services reported an increase in revenue contribution, albeit slightly, at 2% to $21.8m. This accounted for 11% of the group's total revenue.

Market data and connectivity also posed a slight 2% increase to $2m.

Meanwhile, its securities trading and post trade services suffered slight declines in revenue with 16% to $47.1m and 2% to $29.1m, respectively.

Derivatives services wilted with the largest decline at 22% from $90.9m to $70.m.

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