MBSB revenue up but net profit down

Higher allowance for impairment losses on loans, advances and financing

PETALING JAYA: Nonbank lender Malaysia Building Society Bhd (MBSB) made a net profit of RM63mil in the second quarter ended June 30, 2016, 26% less compared to a net profit of RM85.55mil for the same period a year ago due to a higher allowance for impairment losses on loans, advances and financing.

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