Alliance remains upbeat about current year performance

KUALA LUMPUR: Alliance Bank Malaysia Bhd, one of the smallest banks in the country, is optimistic that it will perform better in its financial year ending March 31, 2020 (FY20) despite recording a slight year-on-year dip in its net profit for the recently-concluded quarter.

For the fourth quarter ended March 31, Alliance reported a lower net profit of RM111.8mil compared with a net profit of RM112.9mil earlier, while revenue was flat at RM403.4mil against RM403.5mil earlier.