SGX's profit up 14% to $213.3m in H1 FY2020

Equities contributed to over 70% of the exchange’s revenue.

Singapore Exchange's (SGX) net profit rose 14% YoY to $213.3m in the first half of FY 2020, according to a news release. At the same time, operating revenue grew 11% to $478.5m.

In Q2, net profit edged up 3% to $99m, with operating revenue also climbing 3% to $230.9m.

According to SGX CEO Loh Boon Chye, the exchange saw higher overnight trading from its US and European customers as well as stronger interest across multiple products, as it further built up its asset classes.

Its equities revenue from both cash and derivatives accounted for 72% of the total revenue, although remaining relatively unchanged at $165.3m. Revenue from listings, corporate actions, trading and clearing, securities settlement and depository management all grew around 2-7%, whilst revenue from treasury was comparable with the previous year.

However, equities revenue from derivatives declined 5% to $78.9m, comprising 34% of the total.

Trading and clearing revenue fell 6% to $48m, as equity derivatives volume slipped 18% to 41.3 million contracts mainly due to lower volumes in SGX FTSE China A50, Nikkei 225 and Nifty 50 index futures contracts. Likewise, treasury, licence and other revenue dipped 4% to $30.9m.

Furthermore, fixed income, currencies and commodities (FICC) revenue jumped 20% to $39m in the quarter, which accounted for 17% of its total revenue. Fixed income revenue expanded 13% to $3.3m, whilst currencies and commodities – derivatives revenue leapt 21% to $35.7m.

Data, connectivity and indices revenue climbed 4% to $26.7m or 12% of SGX’s total revenue. Connectivity revenue grew 4% to $15.6m from higher derivatives connectivity and continued growth of its colocation services business. Meanwhile, market data and indices revenue went up 3% to $11million.

The total expenses edged up 1% to $111.5m, with operating expenses slipping 6% to $89.4m mainly from lower professional fees and technology expenses. Its total expenses for FY 2020 are projected at $465-475m.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia