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Sing Investments posts 63.7% rise in full-year earnings to $22.7 mil

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
Sing Investments posts 63.7% rise in full-year earnings to $22.7 mil
SINGAPORE (Feb 12): Sing Investments & Finance saw its earnings surge 63.7% to $22.7 million for the full year ended December, from $13.9 million a year ago.
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SINGAPORE (Feb 12): Sing Investments & Finance saw its earnings surge 63.7% to $22.7 million for the full year ended December, from $13.9 million a year ago.

The better performance was driven by higher net interest income arising from lower funding costs, higher non-interest income, and lower allowances for impairment losses on loans and advances.

Net interest income and hiring charges grew 15.5% to $44.6 million in FY17, from $38.6 million a year ago.

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