SINGAPORE (May 15): UOB-Kay Hian Holdings saw its earnings jump 30.3% to $25.7 million in the 1Q ended March, from $19.7 million a year ago.
1Q18 revenue rose 19.7% to $108.3 million, from $90.5 million a year ago. This was led by a 28.1% increase in commission income to $80.5 million during the quarter
The increase was due to higher business volume as market sentiment remained positive during the quarter on the back of global economic growth. Trading volumes in Singapore and regional markets grew strongly, with the Hong Kong market almost doubling its trading volume.