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Home / Capital / Results

Singapura Finance announces 28.9% fall in 5Q net profit after tax to $0.5 mil

Results

Singapura Finance announces 28.9% fall in 5Q net profit after tax to $0.5 mil

Michelle Zhu Published on Fri, Nov 04, 2016 / 7:00 PM GMT+8

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SINGAPORE (Nov 4): Singapura Finance reported profit after tax fell 28.9% to $0.53 million in its fifth quarter from Jul 1, 2016, to Sept 30, 2016 from $0.74 million the year before on higher expenses.

The fifth quarter results were the result of a change its financial year ending from Jun 30 to Dec 31.

Income before operating expenses declined 17.5% to $5.3 million in 5Q compared to $6.4 million in 5Q.