In the six months ended 31 December 2002, SGX recorded total operating revenue of S$107.5m and operating expenses of S$78.9m. Net profit after tax and minority interests for the period amounted to S$31.0m, compared to S$21.7m for the same period last financial year. SGX's securities and derivatives markets generated operating revenue of S$69.3m and S$30.9m respectively, compared to S$68.6m and S$28.9m for the six months ended 31 December 2001. Other operations generated S$7.3m of operating revenue, compared to S$6.1m for the same period last financial year.
SGX's Board of Directors also declared an interim gross dividend of 3 cents per share for the half year ended 31 December 2002, payable on 20 March 2003. The dividend is in line with the interim dividend for financial year 2002.
SGX President, Mr Ang Swee Tian said, "In the past six months, we focused on strengthening our core businesses by implementing measures to improve liquidity and to enhance our services. We also worked to keep our cost base under control. We will continue our efforts to make our market more attractive and add value for our customers, market participants and shareholders."
Highlights of FY2003 Half Year Results - 1 July 2002 to 31 December 2002
| S$m | 1H FY03 | 1H FY02 | 2Q FY03 | 1Q FY03 |
| Operating revenue | 107.5 | 103.6 | 49.4 | 58.1 |
| Operating expenses | (78.9) | (83.3) | (38.4) | (40.5) |
| Operating profit | 28.6 | 20.3 | 11.0 | 17.6 |
| Non-operating revenue | 11.6 | 10.7 | 5.4 | 6.2 |
| Profit before tax and minority interests | 40.2 | 31.0 | 16.4 | 23.8 |
| Tax | (10.2) | (10.7) | (4.6) | (5.6) |
| Minority interests | 1.0 | 1.4 | 0.6 | 0.4 |
| Net profit after tax attributable to shareholders | 31.0 | 21.7 | 12.4 | 18.6 |
| Basic earnings per share (cents) | 3.10 | 2.17 | 1.24 | 1.86 |
| Interim gross dividend per share (cents) | 3.000 | 2.904 |  | |
