Kenanga Investment Bank’s 1H21 net profit increases 4-fold to RM64.7 million


KUALA LUMPUR, MALAYSIA – Media OutReach – 26 August 2021 – Malaysia’s leading independent investment bank, Kenanga Investment Bank Berhad (“Kenanga” or the “Group”) today announced a 49.4% rise in profit after tax and non-controlling interest (“PATNCI” or “net profit”) for the second quarter ended 30 June 2021 (“2Q21”) to RM30.6 million, as compared to RM20.5 million in the same period last year (“2Q20”). For the six months period ended 30 June 2021 (“1H21”), net profit increased four-fold to RM64.7 million, from RM13.5 million in 1H20.