Staff Reporter
,
Singapore
Photo by Monstera Productin from Pexels
Earnings per share stood at $0.2345.
Hong Leong Finance reported a 12.9% increase in net profit, rising to $52.6m in H1 2024 from $46.6m a year ago, due to higher net interest income and an expanded net interest margin of 1.6%.
Total operating expenses for the period rose 5.6% to $55.7m, mainly due to higher staff costs from salary increases and investments in regulatory compliance and risk management, partially offset by a decline in other operating expenses from tightened cost control.
Earnings per share stood at $0.2345, up from $0.2078 in H1 2023.
The company declared an interim dividend of $0.0375 per share, to be paid on 5 September.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!