Sing Investments & Finance Q1 profit down 31.2%

Sing Investments & Finance on Monday said quarterly net profit fell 31.2 per cent amid lower net interest income.

Net profit for the first three months ended March 31, 2015 stood at S$2.6 million, down from S$3.77 million a year ago.

Net interest income and hiring charges were trimmed by 5.3 per cent to S$8.05 million, given a surge in interest expense.