Alliance Bank posted stronger net profit in 2Q FY2020 when compared with 1Q FY2020. Earnings rose by RM38.8mil or 50.6% due to higher revenue and lower net credit cost.
KUALA LUMPUR: Alliance Bank net profit in the second quarter ended Sept 30,2019 (2Q FY2020) fell by 25% to RM115.52mil from RM140.52mil a year ago mainly due to higher net credit cost.
In a filing to Bursa Malaysia on Wednesday, its revenue rose by 29.3% to RM429.28mil from RM399.18mil a year ago.
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