You are here

Hong Leong Finance posts 24% drop in Q3 profit

39-33130958 - 07_11_2014 - glhong.jpg
HONG Leong Finance's profit for the third quarter dropped 24 per cent to S$12.79 million.

HONG Leong Finance's profit for the third quarter dropped 24 per cent to S$12.79 million.

Annualised earnings per share for the three months ended Sept 30 were 11.52 Singapore cents, down from 15.17 Singapore cents in Q3 2015.

Nine-month profit was down 17.2 per cent to S$38.37 million.

The group said its net loan assets including hire purchase receivables net of allowances stood at S$9.76 billion at the end of the period under review.

Deposits and balances of customers closed at S$10.54 billion as at Sept 30, 2016. This was a decrease of 3.5 per cent over the base as at Sept 30, 2015.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes