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Home / Capital / Results

Singapura Finance's 1H20 earnings hit by lower net interest income, higher loan impairment allowances

Results

Singapura Finance's 1H20 earnings hit by lower net interest income, higher loan impairment allowances

Jeffrey Tan Published on Fri, Aug 07, 2020 / 6:25 PM GMT+8

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Singapura Finance’s earnings have plunged 65.3% to $1.9 million in the six months ended June 30 from $5.6 million a year ago.

The weaker bottom line was primarily attributed to lower net interest income and hiring charges of $9.1 million, down 19.9% y-o-y to from $11.3 million.

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