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Finance

Singapore Exchange benefits from high turnover amid trading volatility

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

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

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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