Kenanga Investment Bank Bhd has posted its highest ever full-year net profit, which almost quadrupled from the previous year.
KUALA LUMPUR: Kenanga Investment Bank Bhd
has posted its highest ever full-year net profit, which almost quadrupled from the previous year.
Net profit for the year ended Dec 31,2020 (FY20) was 287% higher year-on-year at RM102.1mil, mainly due to higher contribution from its stockbroking and investment management businesses as well as higher share of profits from its joint venture with Rakuten Trade.
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