Brief: Hong Leong Finance Reports HY Profit Attributable S$45.1 Million

Hong Leong Finance

04/08/2022 10:53

Aug 4 (Reuters) - Hong Leong Finance Ltd  HLSF.SI :
    * HY NET INTEREST INCOME/HIRING CHARGES S$96.4 MILLION
VERSUS
S$89.2 MILLION
    * HY PROFIT ATTRIBUTABLE S$45.1 MILLION VERSUS S$44.7
MILLION
    * OUTLOOK OF 2022 AND BEYOND REMAINS VOLATILE WITH
HEIGHTENED
UNCERTAINTIES ON EVOLUTION OF INTEREST RATE HIKES
    * HY NET INTEREST MARGIN LIFTED BY 10 BASIS POINTS TO 1.52%
    * EXPECT HIGHER INTEREST RATE TO PROVIDE BOOST TO ASSETS
YIELDS
WHILE REMAIN CAUTIOUS IN MANAGEMENT OF ELEVATED MARKET FUNDING
COST

Source text for Eikon:  ID:nSN9kXxxy 
Further company coverage:  HLSF.SI 

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