HSBC Bank Malaysia Berhad provides banking and related financial services in Malaysia. The company’s personal banking products and services include savings and current accounts, time deposits, and foreign currency accounts; personal financing and overdrafts; home loans, and home and business financing products; debit and credit cards; Internet and mobile banking, and telebanking and express banking services; treasure and assured income plans, health and legacy insurance plans, education and retirement plans, household content shield products, travel and car insurance, and mortgage protection insurance, as well as insurance products for various stages of life; and unit trusts, structured inve...
No 2 Leboh Ampang
Kuala Lumpur, 50100
Founded in 1984
Hsbc Bank Malaysia Berhad Reports Unaudited Consolidated and Parent Earnings Results for the First Quarter Ended March 31, 2014
Jun 18 14
HSBC Bank Malaysia Berhad reported unaudited consolidated and parent earnings results for the first quarter ended March 31, 2014. For the quarter, on consolidated basis, the company's revenue was MYR 1,000,278,000 compared with MYR 1,024,215,000 a year ago. Net interest income was MYR 366,463,000 compared with MYR 340,853,000 a year ago. Net operating income was MYR 701,556,000 compared with MYR 652,259,000 a year ago. Profit before income tax expense was MYR 395,043,000 compared with MYR 381,226,000 a year ago. The higher profit was due to lower loan impairment charges, partly offset by a decrease in operating income and higher operating expenses. Profit for the period was MYR 294,767,000 or 128.7 sen per basic earnings per MYR 0.50 ordinary share compared with MYR 282,173,000 or 128.7 sen per basic earnings per MYR 0.50 ordinary share a year ago.
For the quarter, on parent basis, the company's revenue was MYR 853,348,000 compared with MYR 885,989,000 a year ago. Net interest income was MYR 373,846,000 compared with MYR 350,356,000 a year ago. Net operating income was MYR 628,194,000 compared with MYR 596,713,000 a year ago. Profit before income tax expense was MYR 345,268,000 compared with MYR 345,455,000 a year ago. Profit for the period was MYR 256,771,000 or 112.2 sen per basic earnings per MYR 0.50 ordinary share compared with MYR 257,028 or 112.2 sen per basic earnings per MYR 0.50 ordinary share a year ago.