CIMB Niaga posts RM208.7mil consolidated net profit


PT Bank CIMB Niaga

KUALA LUMPUR: PT Bank CIMB Niaga Tbk reported an unaudited consolidated net profit of 640 billion rupiah (RM208.7mil) in the first quarter (Q1) of 2017, which represented a 137.9% year-on-year (y-o-y) growth.

The growth also translated into earnings per share of 25.45 rupiah. In a statement, president director of CIMB Niaga Tigor M. Siahaan said operating income grew 7.3% y-o-y, while cost was controlled and only rose by 2.8% y-o-y, considering the soft economic and operating environment.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , CIMB Niaga , Tigor , Siahaan , profit , earnings , banking , stocks , shares ,

Next In Business News

Yinson at the centre of an FPSO shift
Bursa stocks up on attention
China changes business gears
The value beyond gas
Is construction in the rain safe?
Does colour matter?
Easing access to home financing
Bond managers play it safe
Don’t let the green push become a lending rush
Banks in the money

Others Also Read