It points toward expansion as the driving factor of their success.
Singapore Exchange (SGX) announced a net profit of $447m for the financial year 2021 with a revenue of $1,056.7m.
This is a slight dip from last year’s net profit $482.1m, with this year’s revenue seeing a slight increase from $1,052.7m.
SGX attributes this growth to continued investment in expanding their business. From $486.9m, this year’s expenses increased by 8% to $525.2m. These largely went toward Scientific Beta and BidFX.
Meanwhile, adjusted earnings before interest, taxes, depreciation, and amortization remained at $623.9m, down from last year’s $659.7m.
Loh Boon Chye, CEO of SGX, remains proud of their current financial summary.
“In FY2021, we continued to build, partner and acquire strategically – strengthening our capabilities, products and platforms across asset classes. We achieved a strong performance as we invested in growing our business, delivering similar record revenues compared to last year amidst a challenging environment. Notwithstanding the lower treasury income, our core business segments remained robust, with our fast-growing subsidiaries, Scientific Beta and BidFX, providing an added boost.”