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01563 ALLI INTL ED LE
RTNominal up0.455 +0.010 (+2.247%)
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25/07/2019 17:43

IA Fin Leasing (01563) sees interim net turn to red

[ET Net News Agency, 25 July 2019] International Alliance Financial Leasing Co., Ltd.
(01563) said it is expected that the group will record a consolidated net loss for the six
months ended 30 June 2019 as compared to the net profit recorded for the corresponding
period in 2018.
The expected net loss was mainly attributable to the approach to make impairment
provisions for the finance lease receivables due to certain lessees' delay in repaying the
principal and/or interest under the International Financial Reporting Standard 9 -
Financial Instruments. (RC)

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