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IFS Capital expects 3Q net loss

Michelle Zhu Published on Wed, Sep 21, 2016 / 7:38 AM GMT+8

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SINGAPORE (Sept 21): IFS Capital says it expects a net loss for 3Q16 after reporting a profitable first half of the year.

This is due to allowances for loan losses and impairments, says the Mainboard-listed financial services firm in a Tuesday note.

Last year, IFS Capital reported a 3Q net loss of $2.5 million.

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