HONG LEONG Credit Bhd has reported a slight increase in pre-tax profit of RM197.7mil in the third quarter ended March 31 compared with RM194.6mil in the same quarter last year.
The company attributed the profit increase to lower loan loss provisions made by its banking and finance division, the write-offs on certain property and equipment as well as provisions made for doubtful debts by the stockbroking division in the preceding quarter.
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