Singapore Exchange (SGX) flagged a cautious outlook for its next financial year after reporting a 20 percent fall in fourth-quarter net profit, hit by lower securities and derivatives trading volumes.
SGX's net profit fell 20 percent to S$76.8 million ($56.5 million) in its fourth quarter to June 30, against S$96.2 million in the same period last year. This included an impairment charge of S$6 million.
Full-year profit was virtually flat at S$349 million, slightly below analyst expectations of S$354.6 million, according to Thomson Reuters data.