ifs capital ltd (IFS) Snapshot

IFS Capital Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the consolidated company reported interest income was SGD 6.86 million against SGD 6.6 million a year ago. Net interest income was SGD 5.15 million against SGD 4.92 million a year ago. Profit before tax was SGD 2.24 million against SGD 2.4 million a year ago. Profit attributable to owners of the company was SGD 1.4 million against SGD 1.41 million a year ago. Diluted earnings per share were 0.93 cents against 0.93 cents a year ago. Net cash from operating activities was SGD 1.15 million against net cash used in operating activities of SGD 14.14 million a year ago. Purchase of property, plant and equipment was SGD 0.032 million against SGD 0.281 million a year ago. Purchase of intangible assets was SGD 0.013 million against SGD 0.018 million a year ago. The net cash from operating activities in the first quarter of 2013 was mainly due to lower drawdown of factoring receivables and repayment of loans, advances, hire purchase and leasing receivables as compared to the same quarter last year. The higher revenue was primarily driven by higher factoring business and higher bonds and guarantee insurance business. Return on ave equity ­ after tax was 1.0% against 1.0% a year ago.

IFS Capital Limited, Q1 2013 Earnings Call, May 13, 2013

IFS Capital Limited announced that they will report Q1, 2013 results After-Market on May 10, 2013