Singapore Exchange, the operator of the city-state’s securities and derivatives markets, said second-quarter net income fell 3.9% even as trading volumes rebounded.
Net income totaled $71.8 million, or 6.7 cents a share, in the three months ended in December, down from $74.7 million, or 6.97 cents, a year earlier, the company said in a statement. Operating revenue climbed 2.7% from a year before to $150.7 million. Shares worth $1.37 billion traded daily on average in the second quarter, compared with $1.07 billion a year earlier, according to data compiled by Bloomberg.
