Singapore Exchange (SGX) reported Wednesday a net profit of 75 million Singapore dollars during the second quarter (Q2) of the Financial Year (FY) 2014 that ended at the end of last December, down about 2 percent from a year ago.
For the six-month period, the net profit was up 11 percent at 167.2 million Singapore dollars
The revenue from its securities business declined by 13 percent on year, from 59.8 million Singapore dollars to 52.2 million Singapore dollars in Q2, while its revenue from the bourse's derivatives business grew by 16 percent from 45.3 million Singapore dollars to 52.5 million Singapore dollars during the same period.
The revenue from the securities business in Q2 contributed to 32 percent of its total revenue, down from the proportion of 37 percent a year ago. Meanwhile, derivatives business saw sustained growth and now accounts for 32 percent of total revenue, up from previous proportion of 28 percent.
During Q2 of the FY 2014, the bourse's total revenue was 165 million Singapore dollars, up 2 percent from a year earlier.
Securities total traded value and daily average traded value decreased 18 percent and 19 percent to 64.1 billion Singapore dollars and 1.0 billion Singapore dollars, respectively.
On the contrary, in derivatives sector, the total volumes grew 18 percent to 26.3 million contracts while average month-end open interest grew 45 percent to 3.6 million contracts. The rise in revenue of this sector was mainly due to increased volumes for the FTSE China A50 futures, Nikkei 225 futures and options and iron ore swaps.
For issuer Services, a total of nine listings in Q2 raised 1.4 billion Singapore dollars compared with eight listings raising 0.8 billion Singapore dollars a year earlier. (1 U.S. dollar equals to 1.28 Singapore dollars)