Hong Leong Finance net profit rises 12.9% in H1 2024

Earnings per share stood at $0.2345.

Hong Leong Finance reported a 12.9% increase in net profit, rising to $52.6m in H1 2024 from $46.6m a year ago, due to higher net interest income and an expanded net interest margin of 1.6%.

Total operating expenses for the period rose 5.6% to $55.7m, mainly due to higher staff costs from salary increases and investments in regulatory compliance and risk management, partially offset by a decline in other operating expenses from tightened cost control.

Earnings per share stood at $0.2345, up from $0.2078 in H1 2023.

The company declared an interim dividend of $0.0375 per share, to be paid on 5 September.

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