Published:
Singapura Finance's net profit up 8.6% to $1.5m in Q2
On back of higher net interest income.
Singapore Finance reported that its net profit grew 8.6% to $1.5m in Q2.
The stronger performance was mainly due to improvement in net interest income partially offset by higher total operating expenses.
The Group’s profit after tax for the half year ended 31 December 2014 grew by $0.5 million or 18.8% to $3.2 million compared to the same period last year.
Arising from the successful completion of rights issue in December 2014, share capital was strengthened by $78.8 million to $168.9 million as at the end of 31 December 2014.
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