KUALA LUMPUR: Singapore Exchange (SGX) announced a net profit of S$74.2 million forthe first quarter of its financial year 2011 ended'' Sept 30, 2010.
'While down 21% from 1Q FY2010, our underlying profitability reflects a strong operating performance quarter-on-quarter in line with 4Q FY2010,' it said on Monday, Oct 18.
SGX said revenue of S$159.0 million was down 8% from 1Q FY2010 primarily due to lower trading value in the securities market. This resulted in earnings per share of 7.0 cents. Directors have declared an interim dividend of 4.0 cents per share for 1Q FY2011.
Singapore Exchange CEO Magnus Bocker said the new organisation structure is taking shape and enabling SGX to better focus on its main priorities.
The priorities were increasing turnover velocity; attracting more listings; growing our membership and distribution capability; introducing more products and services; and reaping the economies of scale and efficiency that come from investment in TECHNOLOGY [].
'While down 21% from 1Q FY2010, our underlying profitability reflects a strong operating performance quarter-on-quarter in line with 4Q FY2010,' it said on Monday, Oct 18.
SGX said revenue of S$159.0 million was down 8% from 1Q FY2010 primarily due to lower trading value in the securities market. This resulted in earnings per share of 7.0 cents. Directors have declared an interim dividend of 4.0 cents per share for 1Q FY2011.
Singapore Exchange CEO Magnus Bocker said the new organisation structure is taking shape and enabling SGX to better focus on its main priorities.
The priorities were increasing turnover velocity; attracting more listings; growing our membership and distribution capability; introducing more products and services; and reaping the economies of scale and efficiency that come from investment in TECHNOLOGY [].
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