Kina Securities Ltd. (AU:KSL) has released an update.
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Kina Securities Ltd. reported a 21% revenue increase and a 12% loan book growth, leading to a Net Profit after Tax (NPAT) of PGK 42.2m, despite a 9% decline due to fraud provisions. The company’s digital expansion led to higher fees and commissions, and a steady half-year dividend was declared. Kina’s Funds Administration and Funds Management businesses also saw notable growth, with a 5% and 14% increase respectively.
For further insights into AU:KSL stock, check out TipRanks’ Stock Analysis page.