Home Capital Results

IFS Capital's 1Q earnings surge eightfold to $0.8 mil on lower allowances and impairments

Michelle Zhu
Michelle Zhu8/14/2018 06:22 PM GMT+08  • 2 min read
IFS Capital's 1Q earnings surge eightfold to $0.8 mil on lower allowances and impairments
SINGAPORE (Aug 14): IFS Capital has posted earnings of $0.8 million for 2Q18, representing an eightfold surge from its 2Q17 earnings of $0.1 million on lower allowances
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 14): IFS Capital has posted earnings of $0.8 million for 2Q18, representing an eightfold surge from its 2Q17 earnings of $0.1 million on lower allowances

For the 1H ended June, the group’s earnings rose to $0.5 million from $0.1 million a year ago.

Net interest income for 2Q remained relatively flat at $4.8 million, as 29.5% higher interest expenses of $1.9 million offset the 6.9% y-o-y growth in 2Q18 interest income to $6.7 million.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.