Hong Leong Bank’s Q2 net profit jumps to RM687.25m
Published on 26 February 2019 KUALA LUMPUR, Feb 26 — Hong Leong Bank Bhd’s net profit in the second quarter ended Dec 31, 2018 rose to RM687.25 million from RM683.07 million in the same quarter last year. Revenue, however, slipped to RM1.14 billion from RM1.23 billion in the corresponding quarter, it said in a filing with Bursa Malaysia today.
“The result was mainly driven by a healthy expansion in loan book despite lingering challenges in the operating environment, improving asset quality as well as solid contribution from our associates,” he said. Meanwhile, international operations remained stable and accounted for 17.6 per cent of the bank’s pre-tax profit in the first half of FY19, led by solid contribution from China’s Bank of Chengdu during the period. The board has recommended an interim dividend of 16.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
43 days and counting: 'Tit-tar' master Chrils Leong still languishing in Indonesian jailPETALING JAYA: Employees of famed 'tit-tar' traditional Chinese medicine practitioner Chris Leong have launched a petition urging the government to secure the release of him and his team, who are still detained in Palembang, Indonesia.
Read more »
'Abused' Saudi sisters trapped in Hong Kong risk deportationThe sisters' lawyer says Hong Kong immigration authorities have indicated the pair would be 'tolerated' in the city until February 28, after which they could be deported.
Read more »