You are here

First Sponsor's Q1 profit rises 14%

Problematic loans weigh down margins even as revenue surges 260%

Singapore

FIRST Sponsor Group on Wednesday reported a 14 per cent year-on-year rise in net profit to S$12.23 million in the first quarter ended March 31, 2016, despite a 260 per cent surge in revenue, as margins slipped with the emergence of problematic loans in its property financing