4Q17 saw a 23.4% rise in net interest income to $4.9 million on the back of a 17.4% increase in interest income from factoring, loans, hire purchase and leasing to $6.3 million. Factoring volume increased by $35.4 million from a year ago.
SINGAPORE (Feb 23): IFS Capital, the finance company and insurer for SMEs, reported earnings of $2 million in FY17 compared to a loss of $2.6 million in FY16.
This came on the back of a 57.3% rise in 4Q17 earnings to $2.6 million from $1.8 million a year ago on higher sales and lower provision for impairment.
