Singapore Exchange Ltd.'s (S68.SG) net profit for the fiscal third quarter fell 6.8% from the previous year, weighed down by lower revenue and a one-time loss from the sale of a stake in the Bombay Stock Exchange.
Net profit for the three months ended March was 83.1 million Singapore dollars (US$59.4 million), compared with S$89.2 million a year earlier, the exchange said in a statement Thursday.
Continue Reading Below
Excluding the one-time loss, net profit was S$87.0 million, it said.
Revenue fell 1.5% to S$202.7 million, and expenses declined 3.4% to S$99.7 million.
Revenue from the company's derivatives business fell 8.5% to S$75.2 million, while the equities and fixed-income business contributed a 1.1% rise in revenue at S$103.1 million.
Write to Gaurav Raghuvanshi at firstname.lastname@example.org
(END) Dow Jones Newswires
April 20, 2017 05:54 ET (09:54 GMT)