Far East Horizon (03360) said the net finance leasing receivables, total revenue and profit before tax of the Group maintained steady growth as at 30 September 2014.
Total revenue rose about 30% as compared with the corresponding period of 2013, in which, service fee income achieved healthy and stable growth, maintaining a steady ratio as compared to the first half of 2014, and profit before tax grew about 20% as compared with the corresponding period of 2013.
Although both of the net interest margin (NIM) and net interest spread (NIS) experienced decreases as compared with the corresponding period of 2013, there was an improvement from the first half of 2014.
Looking forward to 2014, the Group will continue to ensure the constant, steady and healthy development for its finance leasing business in all segments. It will also proactively promote business in its scope of industrial operating services, reduce the financing costs by optimising its financing channels and products and secure asset safety by all means in order to ensure that the Group achieves its development goals in 2014.
24/10/2014 16:51
FE Horizon (03360) 3Q profit before tax up 20%
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