Hong Leong Financial Group Berhad (KLSE: HLFG)

HLFG Income Statement

Financials in millions MYR. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Interest Income on Loans	8,881	8,881	7,549	5,673	5,587	6,246
Interest Income on Investments	161.29	161.29	214.22	270.94	208.54	316.69
Total Interest Income	9,042	9,042	7,763	5,944	5,795	6,563
Interest Paid on Deposits	5,120	5,120	3,977	2,087	2,236	3,592
Net Interest Income	3,923	3,923	3,787	3,857	3,559	2,971
Net Interest Income Growth (YoY)	3.59%	3.59%	-1.81%	8.36%	19.77%	-0.10%
Gain (Loss) on Sale of Assets	8.74	8.74	0.39	1.75	5.38	4.2
Gain (Loss) on Sale of Investments	229.56	229.56	159.49	138.88	323.66	519.17
Other Non-Interest Income	2,489	2,489	2,530	2,255	2,312	1,777
Total Non-Interest Income	2,727	2,727	2,690	2,396	2,641	2,301
Non-Interest Income Growth (YoY)	1.39%	1.39%	12.27%	-9.27%	14.78%	-0.45%
Revenues Before Loan Losses	6,650	6,650	6,476	6,252	6,200	5,272
Provision for Loan Losses	-114.43	-114.43	115.21	163.12	649.96	329.63
Revenue	6,764	6,764	6,361	6,089	5,550	4,943
Revenue Growth (YoY)	6.33%	6.33%	4.47%	9.72%	12.29%	-6.27%
Salaries and Employee Benefits	1,456	1,456	1,381	1,324	1,370	1,328
Occupancy Expenses	174.54	174.54	182.53	194.96	204.5	214.64
Amortization of Goodwill & Intangibles	72.96	72.96	62	59.03	61.29	63.39
Selling, General & Administrative	727.35	727.35	731.61	706.94	657.67	658.72
Other Non-Interest Expense	167.12	167.12	131.87	93.67	73.28	98.04
Total Non-Interest Expense	918.47	918.47	1,110	1,249	1,577	1,628
EBT Excluding Unusual Items	5,846	5,846	5,251	4,840	3,973	3,315
Asset Writedown	-	-	-	-	-1	-15
Pretax Income	5,846	5,846	5,251	4,840	3,972	3,300
Income Tax Expense	1,058	1,058	919.18	1,157	595.15	520.57
Earnings From Continuing Operations	4,787	4,787	4,332	3,683	3,376	2,779
Minority Interest in Earnings	-1,590	-1,590	-1,451	-1,231	-1,111	-921.45
Net Income	3,198	3,198	2,881	2,452	2,265	1,858
Net Income to Common	3,198	3,198	2,881	2,452	2,265	1,858
Net Income Growth	11.00%	11.00%	17.48%	8.25%	21.95%	-3.22%
Basic Shares Outstanding	1,134	1,134	1,134	1,134	1,134	1,135
Diluted Shares Outstanding	1,134	1,134	1,134	1,134	1,134	1,135
Shares Change (YoY)	0.01%	0.01%	0.01%	0.01%	-0.14%	-0.76%
EPS (Basic)	2.82	2.82	2.54	2.16	2.00	1.64
EPS (Diluted)	2.82	2.82	2.54	2.16	2.00	1.64
EPS Growth	10.98%	10.98%	17.46%	8.24%	22.12%	-2.49%
Dividend Per Share	0.540	0.540	0.490	0.460	0.400	0.380
Dividend Growth	10.20%	10.20%	6.52%	15.00%	5.26%	-9.52%
Effective Tax Rate	18.11%	18.11%	17.50%	23.91%	14.99%	15.78%

Source: S&P Capital IQ. Banks template. Financial Sources.