SGX profits up 25.4% to $114.22m in Q1

Equities revenues took up nearly 70% of its total revenue, rising 14% YoY.

Singapore Exchange (SGX) saw its profit jump 25.4% YoY to $114.22m in Q1 from $91.1m in the same period in 2018. Revenues also rose 18.5% YoY to $247.6m from $208.9m over the same period.

Revenue increase was pinned by growth across all sectors, led by equities which accounted for 71% of the total figure. The segment’s revenue rose 14% YoY to $176.1m from $155m in 2018.

Meanwhile, fixed Income, currencies and commodities (FICC) revenue surged 57% YoY to $45.8m from $29.1m, accounting for 19% of total revenue. Data, connectivity and indices revenue also edged up 4% YoY to $25.7m from $24.7m, taking up 10% of total revenues.

EBITDA came in at $156.4m from $121.6m. Interim dividend remained flat at 7.5 cents. Its overnight trading grew from 10% of their total derivatives volumes to 18% in Q1.

The firm’s total expenses, jumped 10% to $112.9m from $102.5m. SGX is projecting its FY2020 expenses to be at between $465m and $475m.