Maybank acquisition

Kina securities notes K20.5m profit from acquisition

KSL’s half year report, ending 30 June 2016, reflects the benefits of the K349 million Maybank acquisitions completed in September 2015, and effectively doubled the size of the Kina Securities business.

Profits in the immediately preceding December 2015 second half year were affected by costs amounting to PGK 12.0 million. This was associated with the Maybank acquisition and the completion of the highly successful public float of the company in July, 2015.