UOB-Kay Hian's Q4 profit falls 44 per cent to $9.7 million
STOCKBROKER UOB-Kay Hian Holdings has posted a 44.3 per cent drop in fourth quarter net profit to $9.7 million.
Revenue for the three months ended Dec 31 slipped by 0.4 per cent to $87.6 million.
Improved investor sentiment late last year saw commission income rose by 8.5 per cent to $60.7 million.
An allowance of $6.7 million was made for impairment of investments.