Singapore Exchange (SGX) is Asia’s leading multi-asset exchange. Over the past financial year, SGX demonstrated robust strategic growth and resilience, capitalizing on its multi-asset strategy to further strengthen its leadership in Asia’s commodities and foreign exchange markets. This approach has enabled SGX to broaden its market presence and drive sustained growth across diverse asset classes. The exchange continues to show steady gains to both its revenue and profitability.
To gain deeper insights into SGX’s performance and future outlook, I attended the company’s 2024 annual general meeting. Here are eight key takeaways from this year’s AGM.
- Stable revenue growth and profitability.SGX delivered steady financial performance in FY2024, with revenue increasing 3% year-on-year to over S$1,232 million. This growth was mainly fuelled by significant gains in the currencies and commodities segments, which surged by 23%, showcasing the success of SGX’s focus on high-growth areas within its multi-asset portfolio.
Adjusted net profit after tax climbed by 4.5% to S$526 million, reflecting disciplined cost management alongside revenue expansion….
