SGX profits up 9% to $91m in Q1

But revenue growth of its securities trading dipped as equities' average clearing fees fell.

Singapore Exchange's (SGX) net profits rose by 9% YoY from $83.1m to $91m in Q1.

According to a press release, revenue rose by 7% YoY from $190.8m to $204.5m.

Operating profit rose 9% YoY to $106.0m, whilst earnings per share increased from 7.8 cents to 8.5 cents.

SGX's Board of Directors has declared an interim dividend of 5 cents per share, payable on 9 November 2017.

According to RHB, its securities trading and clearing revenue saw softer growth of 9% YoY, as average clearing fees for equities fell YoY.

Derivatives revenue surged at a stronger 14% YoY and contributed 39% to total revenue.

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