The company’s earnings for the FY2021 doubled to $9.6 million from the $4.8 million reported in the FY2020 on the back of higher net interest income and hiring charges, which increased 34.6% y-o-y to $24.6 million.
Singapura Finance has reported earnings of $4.7 million in the 1HFY2021 ended December, 67.0% higher than earnings of $2.8 million in the year before.
The stronger bottom line was primarily attributed to the higher net interest income and hiring charges of $12.4 million, up 35.4% y-o-y due to the decline in interest expenses driven by lower deposit rates.
