April 23, 2020 / 11:55 PM / a month ago

Singapore Exchange Q3 profit up 38% to 13-yr high as trading volume surges

SINGAPORE, April 24 (Reuters) - Singapore Exchange reported a 38% jump in quarterly net profit to a 13-year high on Friday, as equities and derivatives trading volume surged on extreme market volatility.

SGX’s profit rose to S$137.5 million ($96.5 million) in Jan-March from a year earlier, while total revenue jumped 29% to a record S$295.8 million, according to Refinitiv data. ($1 = 1.4246 Singapore dollars) (Reporting by Anshuman Daga)

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