Singapore Exchange benefits from high turnover amid trading volatility

COVID-19 pandemic fuels 16.7% rise in quarterly net profit

20191024 Singapore Exchange Singapore

The Singapore Exchange earlier this year tightened the rules for listed companies appointing auditors. (Photo by Ken Kobayashi)

DYLAN LOH, Nikkei staff writer

SINGAPORE -- The Singapore Exchange (SGX) on Thursday reported a 16.7% rise in quarterly net profit as the coronavirus pandemic fueled trading amid market volatility.

Profits for the three months ended June rose from 103.8 million Singapore dollars ($74.5 million) a year ago to SG$121.2 million. Revenues rose across key business segments, SGX said in its regulatory filing.

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