KUALA LUMPUR, Feb 25 (Bernama) — Malaysia’s leading independent investment bank, Kenanga Investment Bank Berhad (“Kenanga” or the “Group”) today announced a consolidated profit after tax and non-controlling interest (“PATNCI” or “net profit”) of RM102.1 million for the full year ended 31 December 2020 (“FY20”). The full year net profit almost quadrupled from the previous year and is the highest ever recorded in the Group’s history as an investment bank. Consolidated revenue rose to RM973.8 million in FY20 from RM651.3 million in FY19.
For the fourth quarter ended 31 December 2020 (“4Q20”), net profit grew more than four times from the same period last year to RM39.3 million. The Group registered a revenue of RM276.8 million, as compared to RM166.2 million in the same period last year.
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