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Singapura Finance sees 67.0% surge in 1H earnings of $4.7 mil

Felicia Tan
Felicia Tan2/18/2022 09:09 AM GMT+08  • 2 min read
Singapura Finance sees 67.0% surge in 1H earnings of $4.7 mil
A total dividend of 4.0 cents per share has been declared.
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Singapura Finance has reported earnings of $4.7 million in the 1HFY2021 ended December, 67.0% higher than earnings of $2.8 million in the year before.

The stronger bottom line was primarily attributed to the higher net interest income and hiring charges of $12.4 million, up 35.4% y-o-y due to the decline in interest expenses driven by lower deposit rates.

The company’s earnings for the FY2021 doubled to $9.6 million from the $4.8 million reported in the FY2020 on the back of higher net interest income and hiring charges, which increased 34.6% y-o-y to $24.6 million.

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