Singapore Exchange third quarter profit up 38% to 13-year high(Update)


SGX's profit rose to S$137.5 million ($96.5 million) in Jan-March from a year earlier, while total revenue jumped 29% to a record S$295.8 million, according to Refinitiv data.

SINGAPORE: Singapore Exchange reported a 38% jump in quarterly net profit to a 13-year high, as equities and derivatives trading volume surged on extreme market volatility.

"With uncertainty around the eventual economic and financial impact of COVID-19 and path to recovery, these elevated levels of volatility are likely to be prolonged," CEO Loh Boon Chye said in a statement on Friday.

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