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SGX posts 16.3% fall in 1Q earnings to $83.1 mil

PC Lee Published on Wed, Oct 19, 2016 / 5:49 PM GMT+8

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SINGAPORE (Oct 19): The Singapore Exchange posted a 16.3% fall in 1Q earnings to $83.1 million from a year ago on lower revenue.

Operating revenue fell 8.5% to $190.8 million after SGX saw lower levels of market activity in both its securities and derivatives business for the three months to Sept.

(See also: SGX's market turnover falls 8% in Sept on-year; welcomes Maybank Kim Eng as Catalist full sponsor)