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03360 FE HORIZON
RTNominal down5.800 -0.160 (-2.685%)
Others

03/05/2018 10:16

FE Horizon (03360) 1Q profit increases over 20%

[ET Net News Agency, 3 May 2018] Far East Horizon (03360) said the profit attributable
to holders of ordinary shares for the first quarter ended 31 March 2018 increased by over
20% as compared to the corresponding period of last year.
As at 31 March 2018, the overall operation of the Group was sound and healthy. In
respect of financial and advisory business, affected by the factors such as the strong
industry demand and the investment concentration at the beginning of the year, the Group's
total interest-earning assets increased by more than 10% as compared to that of the end of
2017. The Group's net interest spread and net interest margin showed a slight increase as
compared to those of the year of 2017.
On the other hand, the Group's asset quality remained at a favorable level and the
provision coverage ratio remained at a healthy level of over 200%. (HL)

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