KUALA LUMPUR, Malaysia--Financial-services firm Hong Leong Financial Group's (1082.KU) net profit for the fiscal first quarter rose 17.9% from a year earlier, mainly due to higher contribution from its commercial banking and insurance divisions.
Net profit for the July-September period rose to 455.25 million ringgit ($111.3 million) from MYR386.19 million a year earlier, Hong Leong said in a filing to the local stock exchange on Thursday.
Revenue increased 8.2% to MYR1.28 billion during the quarter from MYR1.18 billion the same period a year earlier, the filing showed.
Hong Leong Financial Group said it expects to maintain its performance in line with market conditions for the current financial year ending June 2018.
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(END) Dow Jones Newswires
November 30, 2017 01:44 ET (06:44 GMT)