Yahoo Finance Hong Leong Bank Berhad Second Quarter 2024 Earnings: Beats Expectations
Hong Leong Bank Berhad (KLSE:HLBANK) Second Quarter 2024 Results
Key Financial Results
Revenue: RM1.47b (flat on 2Q 2023).
Net income: RM1.09b (up 4.4% from 2Q 2023).
Profit margin: 74% (up from 71% in 2Q 2023).
EPS: RM0.53 (up from RM0.51 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Hong Leong Bank Berhad Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Banks industry in Malaysia.
Performance of the Malaysian Banks industry.
The company's shares are up 1.4% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Hong Leong Bank Berhad you should know about.
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