- SGX reported 2HFY24 operating revenue of S$639.4m, representing y-o-y growth of 2.6%. This was driven largely by its Fixed Income, Currencies and Commodities (FICC) segment (+17.6% y-o-y), which helped to offset the 8.1% dip in revenue for its Equities - Derivatives business.
FY24 core PATMI grew 4.5% y-o-y to S$525.9m and met our expectations.
- - Read this at SGinvestors.io -
- For FY24, SGX’s operating revenue and reported PATMI rose 3.1% and 4.7% y-o-y to S$1,231.7m and S$597.9m, respectively.
- Core PATMI grew 4.5% y-o-y to S$525.9m and accounted for 99.2% of our forecast, we which deem to be within our expectations.
Higher dividend of 34.5 Singapore cents for FY24/
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Guiding for FY25 expenses to increase 2-4% & CAPEX to range between S$70m and S$75m.
- Read more at SGinvestors.io.
