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: Malaysia Building Society Bhd
’s (MBSB) proposed merger with Asian Finance Bank Bhd (AFB) could pave the way for the Employees Provident Fund (EPF) controlled financial services firm to become a full-fledged Islamic bank after a failed attempt to do so earlier this year.
MIDF Research said in a note yesterday that anything less than RM600mil is a “fair” price for MBSB to acquire AFB.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
