ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

SGX chases links to New York and India as earnings remain flat

Exchange reports 1% increase in full-year net profit amid uncertain market conditions

Major unicorn startups based in Singapore like the superapp developer Grab and the e-commerce and gaming giant Sea have looked past the city-state to the U.S. in becoming publicly listed companies.   © Reuters

SINGAPORE -- The Singapore Exchange is bent on cultivating links with stock markets in New York and India to boost its international standing as earnings remain largely flat for the bourse in the Asian financial hub.

SGX on Thursday reported a full-year net profit of 451.4 million Singapore dollars ($326 million), up just around 1% from its 2021 record, amid uncertain market conditions as sell-offs in Asian equities over the course of recent months keep investors jittery on the back of high inflation across countries.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more