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HL Finance posts 12.9% drop in net profit

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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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