News Formal

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

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hong Kong: Stocks inch up in early trade[HONG KONG] Hong Kong shares edged up in early trade on Wednesday, ending a week-long losing streak although investors remained tense over the escalating US-China trade war. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »