Profit from operations before allowances/provision came in 18.4% higher at $36.8 million after deducting operating expenses from income of $58.5 million.
SINGAPORE (Nov 13): Hong Leong Finance reported a 55.6% increase in 3Q earnings to $36.7 million from a year ago on the back of higher net interest income.
Net interest income/hiring charges rose 15.4% to $54.7 million driven by an increase in net interest margin of 15 bps led by a rise in average loan yield from floating rate loans outpaced a rise in funding costs, given a rising interest rate environment.
