Alliance Bank forecast to post 37.3% jump in 4Q net profit

AmBank Research said the banking group will likely declare a second dividend of 11.5 sen per share.

PETALING JAYA: Alliance Bank Malaysia Bhd (ABMB) is expected to post a 37.3% year-on-year jump in its net profit for the fourth quarter ended March 31, 2024 (4Q24) to RM179mil, bringing its full FY24 earnings to a marginal 2% increase to RM691mil.

According to AmInvestment Bank Research (AmBank Research), the banking group, which is scheduled to announce its FY24 results on May 30, will likely declare a second dividend of 11.5 sen per share. This brings total dividends to 22.3 sen per share or a payout of 50% in FY24.