CIMB profit 16% higher than forecast


  • Business
  • Wednesday, 26 Feb 2003

RECENTLY-LISTED CIMB Bhd has announced a pro forma after-tax profit of RM130.4mil for the year ended Dec 31, 2002, beating by 16% the profit forecast of RM112.7mil that it made in its prospectus. 

The group's net return on equity for the year was 9.4%, while the pro forma group net earnings per share were 15.3 sen. Net tangible assets saw an increase to RM1.68 per share as at Dec 31, 2002, with shareholders' fund at RM1.431bil.  

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