Singapore Exchange Sees 9% YoY Revenue Jump in 1H FY2021

Singapore Exchange (SGX) has published its financial results for 1H FY2021, showing a 9 percent jump in its year-on-year revenue.

According to the official press release, the Exchange reported 1H FY2021 adjusted net profit of S$228.0 million (S$213.9 million), with revenues of S$520.8 million (S$478.5 million).

Adjusted EBITDA stood at S$321.2 million (S$298.8 million), while adjusted earnings per share was 21.3 cents (20.0 cents).

The Board of Directors has declared an interim quarterly dividend of 8.0 cents (7.5 cents) per share, payable on 8 February 2021. This brings total dividends in 1H FY2021 to 16.0 cents (15.0 cents) per share.

(1H FY2021 Financial Summary)

Loh Boon Chye, Chief Executive Officer of SGX, commented on the results, “We had a solid first-half performance with growth across all three business segments, amid an uncertain global environment. The heightened demand for China access and risk-management solutions, coupled with the early success of our expanded pan-Asia derivative product suite and higher trading activity in our stock market, led to stronger performance in our Equities business. We have also grown our FICC and DCI pillars which now contribute a third of our revenues, bolstered by newly acquired BidFX and Scientific Beta.”

“Having established ourselves as a multi-asset exchange, we will continue to drive growth through strategic partnerships, client acquisitions and new product offerings such as ETFs covering equities and fixed income. Strengthening our sustainability capabilities and solutions is a key priority, together with the building up of our digital assets expertise. Today, we announced our partnership with Temasek Holdings to build a digital asset infrastructure focused on capital markets workflows. In the coming months, we will expand our fixed income trading capabilities and make further investments to enhance our FX platform,” added Mr Loh.