SGX Reports $159.2 Million Profit in Difficult Half Year

15 January 2009

Singapore Exchange Limited (SGX) today reported a net profit of $159.2 million in 1H FY2009, 36.9% lower compared to a year ago (1H FY2008: $252.4 million1) when SGX recorded its highest half-yearly profit since listing. Operating revenues decreased 27.9% to $304.9 million (1H FY2008: $423.2 million). Operating expenses decreased 8.2% to $109.2 million (1H FY2008: $118.9 million) due to a lower provision for variable bonus.

Mr Hsieh Fu Hua, Chief Executive Officer of SGX said: “Our revenues have been affected by the difficult market conditions but our derivatives business has been relatively resilient. Cost management has been a key focus as we remain committed to investing in technology, people and product development, ensuring that we are well-positioned for a market recovery.”

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