Singapore Exchange Limited (SGX) announced a net profit of $55.3 million for the third quarter of its financial year 2009 (3Q FY2009). This is 45.5% lower compared to 3Q FY2008 ($101.5 million) and 25.9% lower compared to 2Q FY2009 ($74.7m million). Operating revenues decreased 30.9% to $119.8 million (3Q FY2008: $173.3 million). Operating expenses were maintained at $54.2 million (3Q FY2008: $53.7 million) despite recent increase in technology-related expenditure.
“The quarter has been challenging with all revenue categories affected. Nonetheless, there are opportunities that SGX can take advantage of in derivatives, commodities and OTC clearing,” says Hsieh Fu Hua, chief executive officer of SGX. “As regulator, SGX continues to work closely with market professionals and listed companies to uphold governance standards.”
D.C.