SGX revenues increased to $661m in FY2011 from $640m last year
And the recorded net profit was $295 million.
According to a release, excluding the ASX-SGX transaction related costs and gain from disposal of premises, the underlying profit was $312 million ($318 million) and resulted in a return on equity of 38% (39%). This result was achieved on an improved revenue base of $661 million ($640 million).
The Board of Directors proposes a final dividend of 15 cents (15.75 cents) per share. This will bring SGX’s total dividend, including interim dividends to-date of 12 cents (11.25 cents), for the year to 27 cents (27 cents) per share or a 98% (90%) payout of the reported profit. In line with the current dividend policy, the Board has maintained the base dividend of 16 cents per share, or a quarterly payment of 4 cents per share.
Mr Magnus Bocker, SGX CEO, said “We are pleased with our performance despite a difficult
environment for markets globally. We saw a record number of new member firms join SGX and some large, overseas listings. This enhances our standing and also contributed to increased international revenues.”