Key messages
- Record high quarterly revenue and other income and profit attributable to shareholders were achieved in Q14 2018.
- Revenue and other income for Q1 2018 was 36 per cent higher than Q1 2017, which was attributable to:
- A significant increase in trading and clearing fees driven by increases in Cash Market turnover and Derivatives Market volume, as average daily number of futures and options contracts traded reached record quarterly high; and
- Higher Stock Exchange listing fees from increased number of newly listed securities, as the number of newly listed derivative warrants (DWs) and callable bull/bear contracts (CBBCs) both reached record quarterly highs.
- Operating expenses were 12 per cent higher than Q1 2017. Excluding the one-off insurance recovery of $23 million in Q1 2017 relating to the warehouse litigation in the United States (US), operating expenses increased by 9 per cent, attributable to increases in staff costs, information technology (IT) costs and premises expenses.
- EBITDA margin of 77 per cent was 4 per cent higher than both Q1 2017 and the year ended 31 December 2017.
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