SGX posts 5.5% rise in 2Q earnings to $88.3 mil on higher trading activity

SINGAPORE (Jan 19): Singapore Exchange reported 2Q17 earnings rose 5.5% to $88.3 million from $83.7 million the previous year, helped by higher trading activity.

This was also higher than the average earnings of $85.9 million estimated by four analysts according to Reuters.

During the quarter to December, operating revenue rose 2.6% to $199.6 million, on the back of higher equities and fixed income revenue and higher market data and connectivity revenue. These were offset by a 3.4% decline in revenue from derivatives.

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