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HL Finance posts 12.9% drop in net profit
Published Thu, Feb 27, 2020 · 09:50 PM
Singapore
HONG Leong Finance's net profit for the year ended Dec 31 fell 12.9 per cent to S$103.1 million from S$118.3 million in 2018, the group said on Thursday.
This came after it accounted for net loss allowance of doubtful debts amounting to S$1.6 million, against a net recovery of doubtful debts of S$2.2 million in 2018.
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