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Thinner trading volumes hit UOB-Kay Hian's Q1 earnings

Published on May 15, 2014 10:40 PM

Thinner trading volumes and cooling measures hurt brokerage UOB-Kay Hian's bottomline for the first quarter.

The firm said on Thursday that its earnings for the three months to March 31 tumbled 44 per cent to $17.9 million from a year earlier.

Revenue for the quarter fell 18.1 per cent to $95 million year on year.

Weaker corporate finance activity also sent operating income down to $6.7 million.

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