Hong Leong Bank Berhad announced unaudited group and bank earnings results for the fourth quarter and full year ended June 30, 2018. For the quarter, on group basis, the company reported net interest income of MYR 690,407,000 against MYR 729,011,000 a year ago. Net income was MYR 1,176,314,000 against MYR 1,151,918,000 a year ago. Operating profit before allowances was MYR 665,488,000 against MYR 636,645,000 a year ago. Profit before taxation was MYR 777,638,000 against MYR 679,959,000 a year ago. Net profit for the financial year attributable to owners of the parent was MYR 626,008,000 or 30.6 sen basic and diluted per share against MYR 482,917,000 or 23.6 sen basic and diluted per share a year ago. For the year, on group basis, the company reported net interest income of MYR 2,893,120,000 against MYR 2,854,407,000 a year ago. Net income was MYR 4,839,565,000 against MYR 4,550,649,000 a year ago. Operating profit before allowances was MYR 2,779,116,000 against MYR 2,543,126,000 a year ago. Profit before taxation was 3,246,255,000 against MYR 2,748,252,000 a year ago. Net profit for the financial year attributable to owners of the parent was MYR 2,638,078,000 or 128.7 sen diluted per share against MYR 2,145,016,000 or 104.8 sen diluted per share a year ago. Net cash used in operating activities was MYR 1,768,489,000 against net cash generated from operating activities of MYR 5,994,038,000 a year ago. Purchase of property and equipment was MYR 124,689,000 against MYR 158,127,000 a year ago. Purchase of intangible assets was MYR 11,337,000 against MYR 19,530,000 a year ago. The increase in profit before tax was mainly due to higher net income, lower allowance for impairment losses on loans, advances and financing, higher write back of impairment losses on financial investments and higher share of profit from associated company. For the quarter, on bank basis, the company reported net interest income of MYR 676,503,000 against MYR 713,919,000 a year ago. Net income was MYR 1,161,059,000 against MYR 1,118,767,000 a year ago. Operating profit before allowances was MYR 720,333,000 against MYR 674,863,000 a year ago. Profit before taxation was MYR 727,770,000 against MYR 638,208,000 a year ago. Net profit for the financial year attributable to owners of the parent was MYR 567,590,000 or 27.7 sen basic and diluted per share against MYR 420,403,000 or 20.5 sen diluted per share a year ago. For the year, on bank basis, the company reported net interest income of MYR 2,841,113,000 against MYR 2,801,014,000 a year ago. Net income was MYR 4,340,698,000 against MYR 4,191,296,000 a year ago. Operating profit before allowances was MYR 2,543,450,000 against MYR 2,455,294,000 a year ago. Profit before taxation was 2,517,932,000 against MYR 2,347,127,000 a year ago. Net profit for the financial year attributable to owners of the parent was MYR 1,972,411,000 or 96.3 sen diluted per share against MYR 1,744,051,000 or 85.2 sen diluted per share a year ago. Net cash used in operating activities was MYR 2,222,601,000 against net cash generated from operating activities of MYR 5,146,744,000 a year ago. Purchase of property and equipment was MYR 119,942,000 against MYR 147,335,000 a year ago. Purchase of intangible assets was MYR 9,681,000 against MYR 18,613,000 a year ago.