By Gaurav Raghuvanshi
SINGAPORE--Singapore Exchange Ltd.'s (S68.SG) first-quarter net profit rose 24% on increased revenue, it said Thursday.
Net profit for the three months ended Sept. 30 was 92.3 million Singapore dollars (US$74 million) compared with S$74.3 million a year earlier, SGX said in a statement.
Total revenue for the quarter was S$184 million--up 15%, according to the statement.
Revenue from its securities business increased 15% to S$69.0 million from S$60.3 million and accounted for 38% of all revenue, it said. Revenue from derivatives trading increased 16% to S$51.7 million and was 28% of the total.
International economic conditions will remain uncertain, Singapore Exchange said. Still, it will introduce foreign-exchange futures and Asean equity-index derivatives in the coming quarters. It recently obtained an automated trading services license in Hong Kong that will enhance its international distribution, it added.
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(END) Dow Jones Newswires
October 17, 2013 06:10 ET (10:10 GMT)Copyright (c) 2013 Dow Jones & Company, Inc.
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