By Jason Ng
Nikkei Markets
adds more earnings details from company, anlayst's comment, closing share level
KUALA LUMPUR (Feb 26) -- Hong Leong Financial Group, the financial services arm of Malaysian tycoon Quek Leng Chan, said Monday net profit rose 12% in the fiscal second quarter from a year earlier, mostly driven by commercial banking business.
Net profit for the three months ended Dec. 31 totalled 495.34 million ringgit ($126.66 million) compared with 443.03 million ringgit over the same period last year, Hong Leong said in an exchange filing. Quarterly net interest income rose 6.2% on-year to 746.66 million ringgit, while non-interest income fell 9.8% to 462.53 million ringgit.
