Hong Leong Monetary Group’s First-Quarter Internet Revenue Rose 20%
By Chester Tay
Hong Leong Monetary Group Bhd.’s fiscal first-quarter web revenue grew 20% in contrast with the identical interval a yr earlier resulting from greater contributions from all its banking, assurance, funding banking and stockbroking companies.
Internet revenue for the quarter ended Sep. 30 rose to 587.Zero million ringgit ($144.three million), whereas web curiosity earnings grew 9.0% to MYR823.9 million, the banking group mentioned Friday.
Hong Leong mentioned the enterprise setting continued to be extremely difficult with each home and world economies damage by restrictions on motion to include the coronavirus pandemic.
Hong Leong mentioned it remained cautiously optimistic that the Malaysian financial system will progress with restoration in 2021 as vaccinations are rolled out the world over.
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(END) Dow Jones Newswires
November 27, 2020 00:45 ET (05:45 GMT)
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Dow Jones – Hong Leong Monetary Group’s First-Quarter Internet Revenue Rose 20%