SGX Group posts 1.0% YoY lower net income of $281.6m in 1H24

Its adjusted net income of $251.4m, however, translates to a 6.2% YoY increase.

The SGX Group’s net income dipped 1.0% YoY to $281.6m in 1H24 despite improved revenue and earnings.

In 1H24, SGX recorded $344.6m earnings before interest, taxes, depreciation, and amortisation (EBITDA), 3.2% higher than the 1H23 figure.

Its revenue, meanwhile, improved by 3.6% YoY to $592.2m due to higher revenues from “Currencies and Commodities” and “Platform and Others.” SGX’s earnings per share (EPS) was $0.263 in 1H24.

Given the latest financial results, the SGX board declared an interim quarterly dividend of $0.085 per share, payable on 20 February 2024, bringing total dividends in 1H24 to $0.17 per share.

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