MBSB income continues to decline on impairment losses

Revenue for the period was 8.1% higher at RM830.25mil from RM768.03mil, the previous year, due to higher income from investments in liquid assets and higher financing income from corporate segment. This translated to basic earnings per share (EPS) was 1.18 sen from 2.24 sen.

PETALING JAYA: Non-bank lender Malaysia Building Society Bhd’s (MBSB) net profit fell 8.8% to RM57.93mil for the third quarter ended Sept 30, 2016 from RM63.53mil in the same period, a year ago, on higher allowances for impairment losses on loans, advances and financing.

Revenue for the period was 8.1% higher at RM830.25mil from RM768.03mil, the previous year, due to higher income from investments in liquid assets and higher financing income from corporate segment.