SGX sees 4.7% net profit growth with strong equity activity

Net profit for the period was $597.9m.

Singapore Exchange Group’s  (SGX) net profit attributable to equity shoulders of the company (NPAT)  rose 4.7% YoY to $597.9m in FY 2024, following stringer activity from its equities businesses in the year's second half.

According to SGX, its equity derivatives daily average volume and securities daily average value increased by 11% HoH and 21% HoH, respectively.

Along with a rise in net profit, SGX reported an EBITDA of $702.2m, up 2.1% YoY, a revenue growth of 3.1% YoY, reaching $1.2b, and an improved earnings per share of $0.559.

With higher net profit, the group proposed a final quarterly dividend of $0.09 per share, up from the previous $0.085.