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IFS Capital's 1Q earnings surge eightfold to $0.8 mil on lower allowances and impairments

Michelle Zhu
Michelle Zhu • 2 min read
IFS Capital's 1Q earnings surge eightfold to $0.8 mil on lower allowances and impairments
SINGAPORE (Aug 14): IFS Capital has posted earnings of $0.8 million for 2Q18, representing an eightfold surge from its 2Q17 earnings of $0.1 million on lower allowances
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SINGAPORE (Aug 14): IFS Capital has posted earnings of $0.8 million for 2Q18, representing an eightfold surge from its 2Q17 earnings of $0.1 million on lower allowances

For the 1H ended June, the group’s earnings rose to $0.5 million from $0.1 million a year ago.

Net interest income for 2Q remained relatively flat at $4.8 million, as 29.5% higher interest expenses of $1.9 million offset the 6.9% y-o-y growth in 2Q18 interest income to $6.7 million.

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