5 Singapore Stocks Warren Buffett Will Feel Comfortable Buying: Singapore Exchange Limited
Singapore Exchange Limited, or SGX, is Singapore’s sole stock exchange operator and enjoys a natural monopoly.
The group has also been a consistent payer of dividends, doling out a payout without fail since fiscal 2001 (FY2001).
The bourse operator reported a commendable set of earnings for its fiscal 2023’s first half (1H FY2023).
Revenue was up 10% year on year to S$571 million.
Net profit jumped 30% year on year to S$285 million, but after adjusting for one-offs, was up 7% year on year to S$237 million.
A total of S$0.16 in dividends was paid out for 1H FY2023, bringing SGX’s trailing 12-month dividend to S$0.32 per share.
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