SGX Group recorded total operating revenue of S$167.6m and operating expenses of S$117.7m for the nine months ended 31 March 2002. Net profit after tax and minority interests for the period amounted to S$39.2m.
Both SGX's securities and derivatives markets increased their revenue contributions, generating operating revenue of S$112.5m and S$43.8m respectively. SGX's other operations generated operating revenue of S$11.3m.
Commenting on the results, SGX CEO, Thomas Kloet said, "During the quarter ended 31 March 2002, our securities market experienced strong volume growth compared to the previous quarter despite an uncertain global economic climate. Our derivatives market also continued to perform well. We continued to push ahead with our efforts to build a more vibrant and sophisticated capital market. Responding to customer needs and creating value with innovative products, services and distribution channels are consistent with our commitment to grow our markets."
Highlights of FY2002 Nine Months Results – 1 July 2001 to 31 March 2002
| S$m | 9 Months FY2002 | 9 Months FY2001 |
| Operating revenue | 167.6 | 162.2 |
| Operating expenses | (117.7) | (106.9) |
| Operating profit | 49.9 | 55.3 |
| Non-operating revenue | 10.3 | 15.9 |
| Exceptional items | (7.0) | (20.5) |
| Profit before tax and minority interests | 53.2 | 50.7 |
| Tax | (15.8) | (14.2) |
| Minority interests | 1.8 | - |
| Net profit after tax attributable to shareholders | 39.2 | 36.5 |
| Basic earnings per share | 3.92 cents | 4.82 cents |
(For full unaudited nine months financial statement and dividend announcement, please refer to MASNET Filing).
