Singapore Exchange Ltd. (SGX), operator of Southeast Asia’s biggest stock market, said first-quarter profit dropped 15 percent as stock and derivatives trading volumes fell.
Net income was S$74.3 million ($61 million) in the three months ended Sept. 30, from S$87.5 million a year ago, the company said in a statement today. That compares with the S$75 million average of six analyst estimates compiled by Bloomberg. Operating revenue declined 10 percent to S$160.5 million. Full story
