Hong Leong Asia back in the black with $45m profit for FY13

Singapore

HONG Leong Asia swung into the black with a net profit attributable to equity-holders of $45.28 million for the financial year ended Dec 31, from a net loss of $34.91 million for FY12.

The net loss in FY12 was largely due to impairment of assets at its consumer products unit Xinfei. Had…