Kenanga Investment Bank Posts 119% Jump in Net Profit, Revenue Rises to RM204.2 million for 1Q 2024

Kuala Lumpur: Kenanga Investment Bank Berhad today announced its financial results for the first quarter ended on 31 March 2024 .

Furthermore, its Asset Under Administration expanded to RM22.8 billion, up 9.6% from the same quarter last year. PBT for this quarter stood at RM7.6 million.For its Listed Derivatives business, the enterprise registered a 3.3% growth in revenue to RM6.3 million in 1Q24, largely attributed to higher commission and interest income generated as a result of higher trading activities.

We do not expect further credit provisions that would significantly impact equity broking’s financial performance for the rest of the year. “We remain cautiously optimistic of the outlook for Kenanga Group as we continue to be vigilant in monitoring market uncertainties.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Malaysia’s growth momentum to rise above 5pc in Q2 2024, says RHB Investment BankKUALA LUMPUR, May 17 — RHB Investment Bank Bhd (RHB IB) expects Malaysia’s economic growth to accelerate above five per cent year-on-year (y-o-y) in the second quarter of...
مصدر: malaymail - 🏆 1. / 86 اقرأ أكثر »