Thursday, August 19, 2010

Hong Leong Bank 4Q net profit up 51% to RM301.1m

KUALA LUMPUR: HONG LEONG BANK BHD [] net profit for the fourth quarter ended June 30, 2010 rose 51% to RM301.1 million from RM199.36 million a year ago, due mainly to domestic operations and profit from Chengdu Bank.

Revenue for the quarter rose to RM517.8 million from RM493.61 million last year, while earnings per share was 20.77 sen.

For the financial year ended June 30, the bank posted net profit RM988.02 million on the back of revenue RM2.05 billion.

Hong Leong Bank proposed a final gross dividend of 15 sen per share.


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