Hong Leong Finance's Q1 profit rises
Add BT as a preferred source
Nisha Ramchandani
DeeperDive is a beta AI feature. Refer to full articles for the facts.
HONG Leong Finance's profit for the first quarter ended March 31, 2017, rose 13.2 per cent year on year to S$16.46 million.
This was partly due to a decline in staff costs and a reduction in other operating expenses.
Total interest income/hiring charges clocked S$72.1 million, down 11.5 per cent year on year, in line with lower interest on loans as well as other interest income.
Annualised earnings per share came to 14.83 Singapore cents, up from 13.11 cents a year ago.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
