Hong Leong Finance's Q2 net profit up 41.7%

HONG Leong Finance posted a net profit of S$29.6 million for its second quarter, up 41.7 per cent from a year ago, on the back of increases in interest income.

Annualised earnings per share was 26.53 Singapore cents, up from 18.78 Singapore cents previously.

Interest on loans went up by 19.1 per cent to S$65.3 million, while hiring charges went up 10.5 per cent to S$13.2 million. Other interest income soared 28.2 per cent to S$8.9 million.