Sing Investments' Profit Down 2% in H1; Revenue Rises 4%

MT Newswires08-01

Sing Investments (SGX:S35) attributable profit to equity holders was down 2% year-over-year to SG$16.1 million from SG$16.4 million according to a filing with the Singapore Exchange on Wednesday.

Earnings per share came in at SG$0.1361, compared with SG$0.1389 in the year-ago period.

Revenue was up 4% year over year to SG$73.7 million from SG$71.1 million.

The company attributed this to the absence of significant write-back of bad debts and credit loss allowances.

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