KUALA LUMPUR: Hwang DBS (Malaysia) Bhd's earnings rose 16.9% to RM17.5 million in the third quarter ended April 30, 2011 from RM14.97 million a year ago due to higher stockbroking brokerage income, marked-to-market gain on derivatives and increase in net gain from securities trading activities.
Hwang DBS said on Wednesday, June 8 it remained positive on the factors which would fuel positive capital and stock market momentum,
Revenue increased by 15% to RM97.78 million from RM84.89 million while earnings per share were 6.86 sen compared with 5.87 sen.
'The government's ongoing Economic Transformation Programme (ETP), strong liquidity and strengthening ringgit are the key factors that will fuel positive capital and stock market momentum.
'This will augur well for the group's stockbroking activities which are highly dependent on market sentiments. The group will also capitalise on the improving local environment to build on its investment banking business,' it said.
Hwang DBS said for the nine-month period, its earnings rose by 29.2% to RM62.17 million from RM48.11 million while revenue increased by 17.6% to RM303.75 million from RM258.26 million.
Its pretax profit rose 25% to RM87.2 million from RM69.8 million a year ago.'' The improved performance is mainly supported by a higher level of stockbroking brokerage income, marked-to-market gain on derivatives, increase in net gain from securities trading activities, higher fee income derived from fund management activities and net interest income.
Hwang DBS said on Wednesday, June 8 it remained positive on the factors which would fuel positive capital and stock market momentum,
Revenue increased by 15% to RM97.78 million from RM84.89 million while earnings per share were 6.86 sen compared with 5.87 sen.
'The government's ongoing Economic Transformation Programme (ETP), strong liquidity and strengthening ringgit are the key factors that will fuel positive capital and stock market momentum.
'This will augur well for the group's stockbroking activities which are highly dependent on market sentiments. The group will also capitalise on the improving local environment to build on its investment banking business,' it said.
Hwang DBS said for the nine-month period, its earnings rose by 29.2% to RM62.17 million from RM48.11 million while revenue increased by 17.6% to RM303.75 million from RM258.26 million.
Its pretax profit rose 25% to RM87.2 million from RM69.8 million a year ago.'' The improved performance is mainly supported by a higher level of stockbroking brokerage income, marked-to-market gain on derivatives, increase in net gain from securities trading activities, higher fee income derived from fund management activities and net interest income.
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