Net interest income and hiring charges increased 15.6% to $10.6 million, from $9.1 million a year ago. This was on the back of a 13.6% decline in interest expense.
SINGAPORE (April 24): Sing Investments & Finance posted earnings of $5.6 million in the first quarter ended March 31, up 123.3% from $2.5 million a year ago.
This was mainly due to the absence of allowances for impairment losses on loans and advances of $2.1 million incurred in 1Q16.
