Sing Investments & Finance H1 net profit up 35% at S.7 million

Sing Investments & Finance H1 net profit up 35% at S$21.7 million


[SINGAPORE] Mainboard-listed Sing Investments & Finance (SingFinance) on Tuesday (Aug 5) posted a net profit of S$21.7 million for its first half ended June, a 35 per cent increase from S$16.1 million in the year-ago period.

Earnings per share for the period stood at S$0.1835, compared to S$0.1361 in H1 2024.

Revenue dipped marginally by 1 per cent to S$73.1 million from S$73.7 million previously.

No dividend was declared for the six month period.

Net interest income and hiring charges climbed 17 per cent to S$35.6 million, from S$30.4 million.

Non-interest income rose 53 per cent on the year to S$5.2 million, from S$3.4 million.

Shares of SingFinance finished Tuesday 0.8 per cent or S$0.01 higher at S$1.25, before the results were released.

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Ria Michaelides

As an editor at The bb Report, I specialize in exploring business innovations and entrepreneurial success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

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