Singapore Exchange, Asia’s third-biggest listed bourse, reported a 16% rise in quarterly profit as higher revenue from derivatives partly made up for a drop in securities income.
SGX said in a statement it is seeing growing interest from international companies to list in Singapore.
It did not name the companies but sources have told Reuters motor racing business Formula One and a unit of India’s Reliance Communications are among firms planning listings on the Singapore bourse.
SGX reported January-March net profit of $77.8 million, higher than t he $67 million a year earlier when profit was partly hit by costs linked to its failed bid for Australian exchange operator ASX.
The latest profit figure was above the $75 million average forecast by five analysts surveyed by Reuters.
SGX stock has risen about 9.6% so far in 2012, beating ASX’s gains of nearly 5% and Hong Kong’s HKEx’s rise of 4.4%.
Singapore’s benchmark STI index has advanced about 13% so far this year.
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