RETAIL FINANCIAL SERVICES | Terry Gangcuangco, Singapore

SGX reports $305.7 million net profit for F2009

Singapore Exchange Limited has reported a net profit 31.2 percent lower compared to F2008's $444.3 million when global stock market indices peaked, resulting from a decline in securities market revenue and stable revenue.

The net profit for the financial year ended 30 June 2009 was reported at $305.7 million. Meanwhile, return on equity was maintained at 39.3 percent and earnings per share reached 28.74. Consequently, SGX directors have proposed a final dividend of 15.5 cents per share to bring this year's total to 26.0 cents per share.

Mr Hsieh Fu Hua, Chief Executive Officer of SGX, said, "Despite the extent of turmoil in FY09, we remain profitable and our business, robust, most significantly in risk management and regulation. While the environment remains uncertain, SGX is well poised to face further challenges and seize opportunities to grow."

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.