Singapore’s only stock exchange, Singapore Exchange Limited (SGX: S68), put its naysayers to shame when it posted strong revenue and net profit growth in its first quarter of 2020 financial year (1Q FY2020).
Market watchers have mostly commented previously that Singapore Exchange (SGX) has shown lack of growth, but it more than grew in the latest quarter.
Let’s find out more.
TL;DR: Strong Growth In All Business Segments Revenue rose 19% year-on-year to S$248 million with growth in all business segments;Net profit improved 25% to S$114 milion; Dividend per share at 7.50 Singapore cents, same as last year (in line with dividend policy). Show Me The Moolah
SGX’s 1Q FY2020 revenue climbed to S$247.6 million, up 18.5% from S$208.9 million one year ago.
All of SGX’s three business segments — Fixed Income, Currencies and Commodities; Equities; and Data, Connectivity and Indices — saw higher revenue.
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