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Sing Investments & Finance posts 19.7% drop in 1Q earnings to $5.0 mil

Stanislaus Jude Chan
Stanislaus Jude Chan4/25/2019 05:40 PM GMT+08  • 1 min read
Sing Investments & Finance posts 19.7% drop in 1Q earnings to $5.0 mil
SINGAPORE (Apr 25): Sing Investments & Finance saw its earnings fall 19.7% to $5.0 million for the 1Q19 ended March, from $6.2 million a year ago.
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SINGAPORE (Apr 25): Sing Investments & Finance saw its earnings fall 19.7% to $5.0 million for the 1Q19 ended March, from $6.2 million a year ago.

The weaker performance was largely attributable to lower net interest income as well as higher operating expenses.

Net interest income and hiring charges fell 7.5% to $11.1 million in 1Q19, from $12.0 million a year ago.

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