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
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTimes - 🏆 15. / 51 Read more »