Hwang-DBS (Malaysia) Bhd's pre-tax profit for the second quarter ended Jan 31, 2011 rose to RM32.78 million from RM24.496 million in the same quarter of 2010. Its revenue increased to RM109.608 million from RM86.377 million previously.
The company's pre-tax profit for the first six months of its financial period, recorded an increase of 32 per cent to RM62.853 million from RM47.625 million previously, while revenue increased 19 per cent to RM205.974 million from RM173.366 million in the same period last year.
In a filing to Bursa Malaysia, Hwang-DBS said its revenue was largely contributed by an increase in interest income derived from treasury and stockbroking activities.
Going forward, the Group will strive to tap into the growing economy in Cambodia and expand the loan portfolio and deposit base of its commercial banking business.
It said the company expects the Group to turn in satisfactory results in the second half of the financial year ending July 31, 2011. -- Bernama
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