Hong Leong Financial Group 3Q Net Profit Falls To RM714.12 Mln
KUALA LUMPUR, May 28 (Bernama) -- Hong Leong Financial Group Bhd’s (HLFG) net profit for the third quarter of its financial year ending June 30, 2025 (3Q FY2025) fell to RM714.12 million compared with RM818.07 million in the same period last year.
Revenue also decreased to RM1.70 billion from RM1.76 billion previously, it said in a filing with Bursa Malaysia.
For the cumulative nine-month period, the group reported a higher net profit of RM2.40 billion, up from RM2.39 billion in the same period a year ago, while revenue increased to RM5.45 billion from RM5.04 billion previously.
In a separate statement, HLFG president and chief executive officer Tan Kong Khoon said the group demonstrated resilience in the first nine months of FY2025 despite a challenging operating environment.
“This was mainly attributed to an 8.6 per cent year-on-year (y-o-y) increase in topline, fuelled by above-industry loan growth and a successful strategy to boost fee income, which led to a 14.2 per cent y-o-y growth in non-interest income,” he said.
Nevertheless, he said global economic uncertainties stemming from trade disruptions and geopolitical tensions impacted investment income within the insurance and investment banking divisions.
No dividend was declared for the quarter under review.
-- BERNAMA