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IFS Capital 2Q earnings tumble 81% to $0.1 mil on higher net claims incurred

Michelle Zhu
Michelle Zhu8/14/2017 6:42 PM GMT+08  • 2 min read
IFS Capital 2Q earnings tumble 81% to $0.1 mil on higher net claims incurred
SINGAPORE (Aug 14): IFS Capital today announced 2Q17 earnings of $95,000, representing a 81.1% decline from the $0.5 million it posted in 2Q16 on higher net claims incurred (NCI) in its insurance business.
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SINGAPORE (Aug 14): IFS Capital today announced 2Q17 earnings of $95,000, representing a 81.1% decline from the $0.5 million it posted in 2Q16 on higher net claims incurred (NCI) in its insurance business.

Income interest rose 5.9% to $6.2 million while interest expense fell 13% to $1.4 million. As a result, net interest income grew 13.2% to $4.8 million.

Consequently, net interest income margin improved to 6.6% in 2Q compared to 6.1% in 2Q16.

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