SINGAPORE: SGX recorded revenue of $647.9 million ($660.7 million) and a net profit of $291.8 million ($294.9 million) in FY2012. The earnings per share (EPS) was 27.3 cents (27.6 cents) and the return on equity (ROE) was 35% (36%). SGX's underlying profit was $303.9 million ($311.8 million) excluding one-off items and EPS was 28.5 cents (29.2 cents). The one-off items are an impairment loss of $11.0 million from our investment in the Bombay Stock Exchange mainly due to the depreciation of Indian Rupee against Singapore dollar and a $1.1 million impairment loss following the cessation of business of Chi-East, our joint venture with Chi-X Global. The Board of Directors has proposed a final dividend of 15.0 cents (15.0 cents) per share, leaving total dividend unchanged at 27.0 cents per share. This represents a 99% (98%) payout of the reported profit in FY2012. Magnus Bocker, SGX CEO, said, “We reported a net profit of $292 million and an underlying profit of $304 million amid challenging market conditions. We strengthened our Asian Gateway position with the Reach initiative, added new capabilities in our Securities market, and introduced new derivatives products. We also grew non-securities revenues by 12% year-on-year and maintained cost discipline.”
