Bloomberg.com, 15 Jan 2009, Jonathan Burgos and Chen Shiyin
Jan. 15 (Bloomberg) -- Singapore Exchange Ltd., the operator of the city-state’s securities and derivatives markets, said second-quarter profit dropped 52 percent after the slump in global markets deterred investors from trading stocks.
Net income fell to S$74.7 million ($50 million), or 6.97 cents a share, from S$156.4 million, or 14.59 cents, a year earlier, the exchange said today in a statement. Revenue declined 28 percent to S$146.7 million.
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