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Hwang DBS pre-tax profit increases
by hlk Thu 07 Jun 2012, 23:27
Hwang-DBS (Malaysia) Bhd's pre-tax profit for the third quarter ended April 30, 2012 increased to RM26.733 million from RM24.379 million in the same quarter last year.
Revenue improved to RM109.957 million from RM97.779 million previously, it
said in a statement to Bursa Malaysia.
The better financial performance was mainly due to increase in initial
service charge, fund management fees, marked-to market gain on securities
portfolio and net gain on disposal of securities available-for-sale, partially
offset by higher agent commission expenses, reduction in stockbroking brokerage
income, increase in operatimg expenses and higher collective impairment
allowance for the current financial period.
It said while the KLCI remained buoyant hovering around 1,500 points, the
broader market sentiments have been affected by the significant external factors
and uncertainties.
"Against this challenge, the company will strive to defend its position and
customer base enhancing its clients service levels," it said.--BERNAMA
STP SD
Revenue improved to RM109.957 million from RM97.779 million previously, it
said in a statement to Bursa Malaysia.
The better financial performance was mainly due to increase in initial
service charge, fund management fees, marked-to market gain on securities
portfolio and net gain on disposal of securities available-for-sale, partially
offset by higher agent commission expenses, reduction in stockbroking brokerage
income, increase in operatimg expenses and higher collective impairment
allowance for the current financial period.
It said while the KLCI remained buoyant hovering around 1,500 points, the
broader market sentiments have been affected by the significant external factors
and uncertainties.
"Against this challenge, the company will strive to defend its position and
customer base enhancing its clients service levels," it said.--BERNAMA
STP SD
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