ECM Libra Financial Group Bhd's pre-tax profit for financial year ended Jan 31, 2011 rose to RM86.7 million from RM45.6 million in the same period last year.

Its revenue increased to RM214.64 million from RM133.96 million previously, it said in an announcement to Bursa Malaysia today.

Group chairman, Datuk Mohd Ali Abd Samad, said the bank has made substantial progress in re-defining its retail broking and wealth management business.

He said both sectors were expected to contribute meaningfully to operating profits in the coming years.

It posted a two-fold increase in operating profit to RM96 million for the financial year ended Jan 31, 2011 compared with RM49 million a year ago.