Hong Leong Finance Q2 net profit falls 11.1% to S$26.3m

📆 08/08/2019 19:10:00
📰 BusinessTimes

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Hong Leong Finance Q2 net profit falls 11.1% to S$26.3m.

HONG Leong Finance on Thursday said it made a net profit of S$26.3 million in the second quarter, down 11.1 per cent from the same period a year earlier.

Interest expense rose 41.5 per cent to S$47.2 million. Net interest income fell 5.8 per cent to S$50.9 million, driven by higher cost of funds outpacing the improved loan yield amid a competitive interest rate environment, the group said.Market voices on:Hong Leong, TPG in advanced talks to buy Asian hospital operator

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