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SGX Announces 2001 Annual Results, Full Dividend Payout Declared

Date 16/08/2001

Singapore Exchange Limited (SGX) today announced its annual results for the fiscal year ended 30 June 2001, the first full year results since its inception in December 1999 and listing in November 2000.

SGX recorded total operating revenue of S$208.4m and total operating expenses of S$136m for the full year ended 30 June 2001. Net profit after-tax for the period was S$49m. SGX's securities market generated revenue amounting to S$140.7m, while the derivatives market generated revenue of S$55.4m, along with revenue of S$12.3m from other services and operations.

SGX declared a final gross dividend of 4.3 cents per share. In March 2001, an interim gross dividend of 3 cents per share was paid for the half-year ended December 2000. The final dividend brings the full year gross dividend to 7.3 cents per share. Subject to approval at the Annual General Meeting, the final dividend will be paid in October 2001.

SGX CEO, Mr Thomas Kloet, commented,"The past financial year has been an exciting one for SGX as we became a listed company, thereby completing the conversion of our company to a commercial enterprise. As expected, our financial performance was impacted by the global investing environment and our own ambitious efforts at capacity building and infrastructural development. With a crystallized strategic blueprint, we are focusing our efforts on growing our core businesses and seeking out new opportunities to expand our portfolio. We remain committed to generating future returns through building the necessary infrastructure and making sound investments, thereby creating value for our investors, market participants and our shareholders."