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NewsECM Libra 1Q net profit surges 97.5% to RM14.32m
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ECM Libra 1Q net profit surges 97.5% to RM14.32m
by hlk Sat 11 Jun 2011, 09:39
KUALA LUMPUR: ECM Libra Financial Group Bhd net profit for the first quarter ended April 30, 2011 surged 97.5% to RM14.32 million from RM7.25 million a year earlier, mainly contributed by net brokerage, fee, trading and interest incomes.
Revenue for the quarter rose to RM46.59 million from RM34.78 million in 2010. Earnings per share was 1.76 sen while net assets per share was RM1.25.
Reviewing its performance for the quarter, ECM Libra said in June 10 that the increase in net profit was mainly contributed by net brokerage income of RM14.4 million, fee income of RM5.6 million, net gain from trading and investment securities of RM4.5 million as well as net interest income of RM9.7 million; partially offset by operating expenses of RM20.6 million.
On its prospects, ECM Libra said its fundamentals and financial position remain strong and was expected to show satisfactory performance in the current financial year.
Revenue for the quarter rose to RM46.59 million from RM34.78 million in 2010. Earnings per share was 1.76 sen while net assets per share was RM1.25.
Reviewing its performance for the quarter, ECM Libra said in June 10 that the increase in net profit was mainly contributed by net brokerage income of RM14.4 million, fee income of RM5.6 million, net gain from trading and investment securities of RM4.5 million as well as net interest income of RM9.7 million; partially offset by operating expenses of RM20.6 million.
On its prospects, ECM Libra said its fundamentals and financial position remain strong and was expected to show satisfactory performance in the current financial year.
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