SINGAPORE, April 23 (Xinhua) -- Singapore Exchange (SGX) reported Wednesday a net profit of 76 million Singapore dollars ( 60.8 million U.S. dollars) in the third quarter of Financial Year 2014 ended at the end of March, falling 22 percent on year, mainly due to continued decline in stock trading volumes.
In the same period, revenue slipped 13 percent on year to 166 million Singapore dollars (132.8 million U.S. dollars). The bourse said the third quarter is a "challenging quarter" for its securities business.
For the nine-month period, the revenue was unchanged at 514 million Singapore dollars (411.2 million U.S. dollars), while net profit was 2 percent lower at 243 million Singapore dollars (194.4 million U.S. dollars).
Revenue from the bourse's securities business declined 32 percent to 52.3 million Singapore dollars (41.8 million U.S. dollars) in the third quarter, contributing to 32 percent of total revenue, down from 40 percent previously.
The total traded value of the SGX's securities was at 67.4 billion Singapore dollars (53.9 billion U.S. dollars) in the third quarter, down 35 percent on year.
Revenue from derivatives also accounted for 32 percent of the bourse's total revenue, registered at 52.3 million Singapore dollars (41.8 million U.S. dollars).
Total volumes fell 5 percent to 26.3 million contracts while average month-end open interest grew 7 percent to 3.2 million contracts, the SGX added.
In support for its "China focus," the SGX had announced several new derivatives contracts including more foreign exchange futures such as contracts for the Renminbi and the China A50 equity index options.
In the third quarter, there was a total of five listings, raising 400 million Singapore dollars (320 million U.S. dollars), down from six listings raising 1.8 billion Singapore dollars (1.44 billion U.S. dollars) a year earlier.
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