“Our derivatives business has continued to outperform with a 28% y-o-y increase in revenue, driven by broadbased gains across asset classes and record volumes in key contracts. Notably, for commodities, we accelerated the financialisation of iron ore and expanded our service offering,” he adds.
Led by higher derivatives volume, the Singapore Exchange Group (SGX) (SGX:S68
) has reported an adjusted net profit gain of 7% to $236.8 million for its 1HFY2023 ended December 2022. Revenue in the same period was up 10% to $571.4 million. The local bourse operator is keeping its quarterly dividend of eight cents per share, in line with guidance.
“We are pleased to deliver a set of financial results that underscores SGX Group’s relevance to global investors,” says CEO Loh Boon Chye at the briefing on Feb 9.
