PETALING JAYA: EON Capital Bhd’s estimated earnings for the financial year ending Dec 31, 2008 (FY08) have been revised downwards due to its one-off loan-loss provision made in the second quarter ended June 30.
Analysts revised their estimates for the financial services group, which owns EON Bank Bhd, after it reported a RM78.89mil net loss on Monday. It fell into the red after making provisions of RM193.9mil to raise its loan loss coverage to 74.1% from 62.1%, a move that put its coverage in line with the industry’s average.
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