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Asia300

SGX books highest quarterly profit in a decade

Derivatives boost Singapore bourse, but India stock futures remain a concern

Singapore Exchange, or SGX, is enjoying a sharp upturn in earnings.   © Reuters

SINGAPORE -- Singapore Exchange announced Friday that its net profit for the January-March quarter jumped 21% on the year to 100 million Singapore dollars ($76 million), the highest since the same quarter in 2008.

A strong derivatives market boosted the top- and bottom-line growth. The revenue for the quarter increased 10% year-on-year to S$222 million, the highest quarterly revenue ever since the exchange was publicly listed in 2000.

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