Bursa Malaysia Stock Watch
ECM Libra Q1 pre-tax profit jumps
kltrader
Publish date: Fri, 10 Jun 2011, 10:51 PM
kltrader
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ECM Libra Financial Group Bhd's pre-tax profit for the first quarter ended April 30, 2011 jumped to RM19.1 million from
RM9.94 million in the same quarter last year.
Revenue for the quarter rose to RM46.59 million from RM34.78 million in 2010 while net profit surged to RM14.32 million from RM7.25 million previously.
In a filing to Bursa Malaysia today, ECM Libra said the increase in net profit was mainly contributed by net brokerage income of RM14.4 million, fee income of RM5.6 million, net gain from trading and investment securities of RM4.5 million as well as net interest income of RM9.7 million, partially offset by operating expenses of RM20.6 million.
On prospects, ECM Libra said its fundamentals and financial position remained strong and is expected to show satisfactory performance in the current financial year. -- Bernama
RM9.94 million in the same quarter last year.
Revenue for the quarter rose to RM46.59 million from RM34.78 million in 2010 while net profit surged to RM14.32 million from RM7.25 million previously.
In a filing to Bursa Malaysia today, ECM Libra said the increase in net profit was mainly contributed by net brokerage income of RM14.4 million, fee income of RM5.6 million, net gain from trading and investment securities of RM4.5 million as well as net interest income of RM9.7 million, partially offset by operating expenses of RM20.6 million.
On prospects, ECM Libra said its fundamentals and financial position remained strong and is expected to show satisfactory performance in the current financial year. -- Bernama
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