Hong Leong Capital 1Q profit up 19.8% on higher non-interest income

TheEdge Wed, Nov 28, 2018 03:33pm - 5 years View Original


KUALA LUMPUR (Nov 28): Higher non-interest income boosted the net profit of Hong Leong Capital Bhd by 19.8% to RM24.03 million in the first financial quarter ended Sept 30 (1QFY19), against RM20.05 million in the same period last year.

Earnings per share amounted to 9.96 sen, from 8.31 sen in 1QFY18.

Revenue rose 14.6% to RM82.6 million from RM72.08 million before, on higher contribution from its investment banking and stockbroking units, as well as fund management and unit trust management.

In a filing to Bursa Malaysia, the group said it remains committed to delivering long-term sustainable growth and shareholder value by continuing to strengthen digital solutions, managing cost efficiency and driving productivity.

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