Aug 18 Reuters Singapore Exchange Ltd said on Thursday it posted a marginally higher adjusted profit and record revenues, helped by the bourse operator39;s push towards its derivatives product offerings amid a weak securities market.

Higher derivatives volumes for equities, currencies and commodities helped offset a weaker showing from cash equities and treasuries.

SGX39;s revenue from fixed income, currencies and commodities FICC increased 19 to S252.7 million 182.92 million, and contributed to nearly 23 of total revenues. It said total revenue increased 4 to a record S1.10 billion.

Our FICC business remains a key growth engine and is expected to deliver midteens percentage revenue growth in the medium term, said Chief Executive Loh Boon Chye.

The company39;s adjusted net profit attributable for the 12 months ended June 30 rose to S456 million, from S447 million last year.

SGX, which benefits heavily from its favorable location as a gateway for regional trades, said that with increasing risks in the global economy, portfolio risk management activity is expected to rise in tandem.

SGX Group maintains its mediumterm revenue growth expectation of a high singledigit percentage range, it said.

The company39;s capital expenditure for fiscal 2023 is expected to rise to between S70 million and S75 million, and is likely to remain at similar levels in the medium term.

It also proposed a final quarterly dividend of 8.0 Singapore cents per share, inline with a year ago….