This includes a $7.5 million recovery of bad debts and credit allowances, compared to an immaterial provision for credit allowances this year.
Sing Investments & Finance (SIF) has reported a net profit of $36.3 million for the FY2024 ended Dec 31, 2024, a 9% y-o-y increase.
The group’s 2HFY2024 net profit grew 21% y-o-y to $20.3 million.

