10-17-13 6:10 AM EDT | Email Article
  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.

 

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

 

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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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