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03360 FE HORIZON
RTNominal up5.730 +0.070 (+1.237%)
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24/10/2018 17:06

Far East Horizon (03360) says 3Q profit up 20%

[ET Net News Agency, 24 October 2018] Far East Horizon Limited (03360) said the profit
attributable to holders of ordinary shares showed a substantial increase of over 20% for
the third quarter ended 30 September, compared to that of the corresponding period of
2017.
As at 30 September 2018, the overall operation of the group was sound and healthy. Its
unaudited total interest-earning assets increased by slightly over 20% as compared to that
of the end of 2017.
The group's unaudited total revenue increased by over 35% as compared to the
corresponding period of 2017. The group's net interest spread and net interest margin
remained relatively stable.
Meanwhile, the group's asset quality remained at a healthy level and the provision
coverage ratio remained at a healthy level of over 200%. (KL)

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