UOB Kay Hian's Q3 profit hurt by low trading volumes

Singapore

BROKERAGE UOB Kay Hian's third-quarter net profit attributable to shareholders fell 26 per cent to S$14.7 million from S$19.8 million a year earlier. It said this was because trading volumes remained low in the major regional markets it operates in.

Its commission income in the three months to Sept 30, 2016, fell 11.8 per cent to S$51.2 million. Its interest income dropped 6.4 per cent to S$19.6 million, because of lower financing activities.