Singapore Exchange (SGX) achieved a record net profit in the January-March quarter of 2018, with revenue from the derivatives business rising on a year-on-year basis.
The exchange posted a net profit of S$100 million ($75 million) in the March quarter, up 21% year on year. Revenue stood at S$ 222.2 million in the period, up 10% in an annual comparison. The derivatives business accounted for 41% of the overall revenue in the period, up from a contribution of 37% in the same period last year. "We achieved a strong set of results this quarter, with our net profit reaching a new 10-year record high and our revenues hitting their highest levels since we listed in 2000," chief executive officer Loh Boon Chye said in a statement this month. "We actively engaged liquidity providers...