Thursday, 30 July 2015

Singapore Exchange Q4 profit up 24%

Singapore Exchange Ltd (SGX)  reported a 24% rise in its quarterly net profit to the highest in two years and said it would focus on tackling the weak environment for new listings of companies.

"We are conscious of the challenges ahead and the need to address new listings activity and work with our stakeholders towards our common goal of a more liquid and higher-quality securities market," Loh Boon Chye, who started as the new CEO this month, said in a statement on Wednesday.
SGX's net profit in the quarter ending June rose to S$96.2 million ($70.5 million), up from S$77.4 million a year ago.

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