SGX recorded total operating revenue of S$102.7m and operating expenses of S$76.3m for the half year ended 31 December 2001. Net profit after tax and minority interests for the period amounted to S$21.7m.
SGX's securities market and derivatives market generated operating revenue of S$67.8m and S$28.8m respectively, while S$6.1m of operating revenue was generated from other operations. The results for the period include a provision of S$7.0 million for estimated surplus leased premises as a result of the relocation to SGX Centre. In the previous period, the exceptional item was related to the liquidation of our equity portfolio.
SGX's Board of Directors also declared an interim gross dividend of 3 cents per share for the half year ended 31 December 2001, payable on 27 March 2002. The dividend is in line with the interim dividend for fiscal year 2001.
SGX CEO, Thomas Kloet said, "We are encouraged by the interim results in view of the global economic slowdown. During the period, we have implemented several significant strategic initiatives that further enhance the price discovery, clearing and settlement services in our securities and derivatives markets. We will continue to focus our energies on our core businesses and the pursuit of new opportunities to add value for our customers, market participants and shareholders."
Highlights of Interim Results - 1 July to 31 December 2001
|
S$m |
1H FY2002 |
1H FY2001 |
|
Operating revenue |
102.7 |
108.7 |
|
Operating expenses |
(76.3) |
(70.5) |
|
Operating profit |
26.4 |
38.2 |
|
Non-operating revenue |
11.6 |
11.1 |
|
Exceptional items |
(7.0) |
(20.5) |
|
Profit before tax and minority interests |
31.0 |
28.8 |
|
Tax |
(10.7) |
(10.0) |
|
Minority interests |
1.4 |
- |
|
Net profit/(loss) after tax attributable to shareholders |
21.7 |
18.8 |
|
Basic earnings per share |
2.17 cents |
2.48 cents |
|
Interim gross dividend per share |
3 cents |
3 cents |
