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Sing Investments posts 5.9% rise in full-year earnings to $24 mil

Stanislaus Jude Chan
Stanislaus Jude Chan2/19/2019 06:41 PM GMT+08  • 2 min read
Sing Investments posts 5.9% rise in full-year earnings to $24 mil
SINGAPORE (Feb 19): Sing Investments & Finance saw its earnings climb 5.9% to $24.0 million for the FY18 ended December, from $22.7 million a year ago.
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SINGAPORE (Feb 19): Sing Investments & Finance saw its earnings climb 5.9% to $24.0 million for the FY18 ended December, from $22.7 million a year ago.

Net interest income and hiring charges rose 5.1% to $46.9 million, from $44.6 million a year ago.

Interest income and hiring charges grew by $4.6 million, driven by higher loan volume. This was partially offset by a $2.3 million increase in interest expenses arising from additional customer deposits to support the enlarged loan base.

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