Hong Leong Finance's net profit up 1.5% in Q1

Singapore

HONG Leong Finance on Thursday posted a 1.5 per cent increase in net profit to S$26.2 million, while revenue, measured by its total interest income and hiring charges, rose 18.4 per cent to S$95.2 million for its first quarter ended March 31, 2019.

The financial services arm of Hong Leong Group said that its interest income and hiring charges were driven by loan growth and a higher average loan yield.