KUALA LUMPUR (March 28): Hwang-DBS (Malaysia) Bhd's pre-tax profit for the second quarter ended Jan 31, 2012, slipped to RM23.45 million from RM32.78 million in the same quarter last year.
Revenue fell to RM91.54 million from RM109.61 million previously, Hwang-DBS said in a filing to Bursa Malaysia on Wednesday.
"The uncertain global financial conditions have affected the equity and capital markets in which we operate in.
"The lower profitability was mainly attributable to reduction in brokerage income, net interest income, advisory fee income and marked-to-market gain on derivatives," it said. - Bernama
Revenue fell to RM91.54 million from RM109.61 million previously, Hwang-DBS said in a filing to Bursa Malaysia on Wednesday.
"The uncertain global financial conditions have affected the equity and capital markets in which we operate in.
"The lower profitability was mainly attributable to reduction in brokerage income, net interest income, advisory fee income and marked-to-market gain on derivatives," it said. - Bernama
