SINGAPORE: Singapore Exchange Ltd (SGX) has posted a 4.1% year-on-year decline in net profit to S$27.27mil in its second quarter ended Dec 31, 2004, mainly because of lower sales at its securities and derivatives trading businesses. Operating revenue for the quarter slipped 15.7% to S$65.94mil. “The market environment had been difficult in the first half of FY 2005, as reflected by the lower turnover in both the securities and derivatives markets,” SGX said. – AFX-Asia
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