Singapore Exchange quarterly profit at multi-year high on cross-asset push

Credit: REUTERS/EDGAR SU

Singapore Exchange reported a 25.4% jump in quarterly net profit on Thursday, which the bourse says is its best in more than 10 years, helped by a push to increase trade across multiple asset classes.

SINGAPORE, Oct 24 (Reuters) - Singapore Exchange SGXL.SI reported a 25.4% jump in quarterly net profit on Thursday, which the bourse says is its best in more than 10 years, helped by a push to increase trade across multiple asset classes.

SGX's profit posted profit of S$114.2 million ($83.78 million) for its finaniancial first quarter ending in September, up from S$91.1 million a year earlier. Operating revenue rose nearly 19% to S$247.6 million.

($1 = 1.3631 Singapore dollars)

(Reporting by Anshuman Daga and Nikhil Kurian Nainan Editing by David Goodman)

((anshuman.daga@tr.com; +65 64035676; Reuters Messaging: anshuman.daga.thomsonreuters.com@reuters.net))

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