1. A resilient set of financial numbers
SGX delivered a resilient set of financials despite the weaker macroeconomic backdrop which led to more cautious sentiment. Revenue rose 3.6% year on year to S$592.2 million for 1H FY2024. Operating profit improved by 4.3% year on year to S$296.1 million as total expenses rose 3% year on year. Net profit, however, dipped by 1% year on year to S$281.6 million because of one-off non-operating items. Excluding these, net profit would have risen by 6.2% year on year to S$251.4 million. SGX increased its interim dividend by S$0.005 to S$0.085, in line with its FY2023 results....Next in line to release its earnings is Singapore Exchange Limited (SGX: S68), or SGX.
The bourse operator presented its fiscal 2024’s first half (1H FY2024) earnings ending 31 December 2023.
The blue-chip group reported a respectable set of numbers despite facing headwinds at its equities division.
Here are five salient points from the stock exchange operator’s latest financial results.