Bank Islam branch in Section 14, Petaling Jaya. Bank Islam is the banking arm of Main Board-listed BIMB Holdings Bhd. (Pix taken by Hafidz Mahpar for Star Online)
KUALA LUMPUR: BIMB Holdings Bhd
, which owns Bank Islam Malaysia Bhd, has reported a rise in pre-tax profit to RM226.93mil for the third quarter ended Sept 30, 2016 (Q3) from RM203.99mil in the same period last year.
Revenue increased to RM881.39mil from RM802.56mil previously, it said in a filing with Bursa Malaysia.
Meanwhile, in a statement, the group said its profit after zakat and taxation (PAZT) rose 9.1% to RM474.1mil for the nine months ended Sept 30, 2016 compared with RM434.7mil before.
The stronger performance gives BIMB an annualised return on equity of 15.3% (based on PAZT) and earnings per share of 26.47 sen against 25.03 sen previously.
Group chief executive officer Datuk Seri Zukri Samat said the group’s financial performance for the first nine months of 2016 had been positive, demonstrating its resilience operating under challenging circumstances.
“Both Bank Islam and Takaful Malaysia, BIMB Group’s two main subsidiaries, generated robust earnings arising from sound business strategies of sustaining stable revenue for the group,” he said. - Bernama
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