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Tuesday, 19 April 2011, 09:00 HKT/SGT
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Source: Singapore Exchange (SGX)
SGX Operations Show Strong Third Quarter

SINGAPORE, Apr 19, 2011 - (ACN Newswire) - Singapore Exchange (SGX) today announced a 4% year-on-year increase in net profit to $77.3 million, excluding the ASX-SGX transaction related costs of $12.0 million and gain from disposal of premises of $1.7 million, for the third quarter of financial year 2011. Excluding these items, return on equity and earnings per share were 10.3% (10.2%) and 7.25 cents (7.01 cents) respectively.

-- Revenue: $169 million ($153 million in 3Q FY2010)
-- EBITDA: $103 million ($97 million)
-- Net Profit: $67 million ($75 million)
-- Net Profit excluding ASX-SGX transaction related costs & gains from disposal of premises: $77 million

Revenue rose 10% to $168.8 million as major businesses - particularly derivatives and depository - grew. The derivatives market achieved all-time high daily average volume of 315,650 contracts on increased volatility especially in March. SGX was the world's third-biggest capital-raising centre in the quarter, raising a total of $7.5 billion from 11 new listings including Hutchison Port Holdings.

Mr Magnus Bocker, SGX CEO, said "Despite global uncertainties and tough market conditions, our performance was solid and strong in the quarter. We continue to expand our products and services including adding OTC clearing of Foreign Exchange Forwards and more metal futures. Our Reach initiative achieved its first milestone when we opened the SGX Data Centre on 11 April. We look forward to offering the world's fastest trading engine and international liquidity hubs in the coming months."

Directors have declared an interim dividend of 4.0 cents per share for the third quarter of FY2011.

Please refer to Financial Statements for 3Q FY 2011 for full details. The report is also available at www.sgx.com. (SGX SP, SGXL.SI)


About Singapore Exchange (SGX)

Singapore Exchange (SGX) is the Asian Gateway, connecting investors in search of Asian growth to corporate issuers in search of global capital. SGX represents the premier access point for managing Asian capital and investment exposure, and is Asia's most international exchange with about 40% of companies listed on SGX originating outside of Singapore. SGX offers its clients the world's biggest offshore market for Asian equity index futures, centred on Asia's three largest economies - China, India and Japan.

In addition to offering a fully integrated value chain from trading and clearing, to settlement and depository services, SGX is also Asia's pioneering central clearing house. Headquartered in Asia's most globalised city, and centred within the AAA strength and stability of Singapore's island nation, SGX is a leading Asian counterparty for the clearing of financial and commodity products. For more information, please visit www.sgx.com.

Contact:
Media Contact:
Carolyn Lim
Communications
Tel: +65 6236 8139
Email: [email protected]

Joan Lew
Communications
Tel: +65 6236 8658
Email: [email protected]

Investor Relations Contact:
John Gollifer
Investor Relations
Tel: +65 6236 8540
Email: [email protected]

Lau Mei Seong
Investor Relations
Tel: +65 6236 8356
Email: [email protected]


Apr 19, 2011 09:00 HKT/SGT
Source: Singapore Exchange (SGX)

Topic: Earnings
Sectors: Daily Finance, Daily News
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