Article: Alliance Q1 net profit dips to RM46.2m

Zuraimi Abdullah
New Straits Times
08-18-2009
Alliance Q1 net profit dips to RM46.2m
Byline: Zuraimi Abdullah
Edition: Main/Lifestyle
Section: Business Times
Type: Company

ALLIANCE Financial Group Bhd's net profit dropped by more than half in its fiscal first-quarter, due to lower operating profit, higher allowance for losses on loans and higher provision for impairment on an investment security.

It reported a net profit of RM46.19 million in the three months ended June 30 2009, compared with RM124.27 million in the year earlier period.
Revenue stood at RM387.89 million, down from RM421.47 million a year ago, it said in its filing to Bursa Malaysia yesterday.

In a separate statement ...

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