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Hong Leong Finance posts 13% rise in Q1 profit on cost cuts

Thu, Apr 27, 2017 - 5:50 AM

Nisha Ramchandaninishar@sph.com.sg@Nisha_BT

Singapore

HONG Leong Finance's profit for the first quarter ended 31 March, 2017 rose 13.2 per cent year on year to S$16.46 million.

This was partly due to a 6.8 per cent decline in staff costs to S$15.4 million, arising from lower provision for bonus and headcount, as well as a 14...

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