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Sing Investments & Finance reports 9% y-o-y increase in net profit of $36.3 mil for FY2024

Nicole Lim
Nicole Lim • 2 min read
Sing Investments & Finance reports 9% y-o-y increase in net profit of $36.3 mil for FY2024
The group’s net profit after tax for the 2HFY2024 grew 21% y-o-y. This includes a $7.5 mil recovery of bad debts and credit allowances. Photo: Shutterstock
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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. 

This includes a $7.5 million recovery of bad debts and credit allowances, compared to an immaterial provision for credit allowances this year. 

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