KUALA LUMPUR (March 28): ECM Libra Financial Group Bhd posted a lower pre-tax profit of RM53.8 million for the financial year ended Jan 31, 2012, compared to RM86.7 million last year.
In a filing to Bursa Malaysia here on Wednesday, the company said revenue decreased to RM178.3 million from RM218.3 previously.
During the year, net interest income rose to RM36.2 million from RM29.5 million as the group's investment bank subsidiary maintained a strong capital adequacy ratio of 51 per cent, one of the highest in the banking industry.
The company's shareholders funds had crossed the RM1 billion mark, ECM Libra said.
The company has recommended a final single tier dividend of 2.4 sen per ordinary share, representing a dividend pay-out ratio equivalent to 63 per cent of net profit for the year. - Bernama
In a filing to Bursa Malaysia here on Wednesday, the company said revenue decreased to RM178.3 million from RM218.3 previously.
During the year, net interest income rose to RM36.2 million from RM29.5 million as the group's investment bank subsidiary maintained a strong capital adequacy ratio of 51 per cent, one of the highest in the banking industry.
The company's shareholders funds had crossed the RM1 billion mark, ECM Libra said.
The company has recommended a final single tier dividend of 2.4 sen per ordinary share, representing a dividend pay-out ratio equivalent to 63 per cent of net profit for the year. - Bernama
