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Sing Investments & Finance sees 128% growth in earnings of $18.3 mil

Felicia Tan
Felicia Tan • 2 min read
Sing Investments & Finance sees 128% growth in earnings of $18.3 mil
As at end June, cash and cash equivalents stood at $316.2 million.
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Sing Investments & Finance saw earnings surge some 128% to $18.3 million for the 1HFY2021 ended June, from earnings of $8.0 million in the corresponding period the year before.

Net interest income and hiring charges rose 32.7% y-o-y to $29.2 million due to the lower funding costs in the current low interest environment.

Net interest margin rose by 58 basis points to 2.15%.

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