SGX's net profit drops 9% to $162m in H2 2021 amid weaker stock trading

SGX's net profit drops 9% to $162m in H2 2021 amid weaker stock trading

FILE PHOTO: An SGX sign is pictured at Singapore Stock Exchange July 19, 2017. REUTERS/Edgar Su

The Singapore Exchange on Friday reported a net profit of 218 million Singapore dollars ($162 million) for the six months through December, down 8.8% from a year earlier as securities trading declined following a COVID-driven investment boom.

The Singaporean bourse, known as SGX, operates various businesses from equities to currencies, commodities to indexes. The July-December results — its financial year starts in July — marked the second straight period of profit decline.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter