Hong Leong Finance's net profit rises 38% to S$118m

Singapore

HONG Leong Finance said its net profit rose by 38.1 per cent to S$118.3 million for the fiscal year ended Dec 31, 2018.

Net interest income/ hiring charges rose 20.9 per cent to S$212.1 million, due to an increase of net interest margin on the back of a rise in average loan yield.