SINGAPORE Exchange Ltd (SGX) said yesterday that uncertainty in the equity market hit trading volumes in its fiscal second quarter, but its net profit showed a year-on-year increase because a one-off provision had hurt its bottom line the year before.
For the three months to Dec 31, 2002, SGX – South-East Asia’s biggest stock exchange with a market capitalisation of around S$1.25bil – posted a net profit of S$12.39mil, down 33.3% from the preceding quarter. Revenues fell 15% to S$49.4mil in the quarter under review from S$58.1mil in the first quarter.
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