MBSB earnings up on Islamic banking ops, lower impairment losses

PETALING JAYA: Financial institution Malaysia Building Society Bhd (MBSB) made a net profit of RM166.14mil or 13.08 sen per share in the first quarter ended March 31 compared with RM79.41mil or 6.53 sen per share a year ago, underpinned by its Islamic banking operations and lower impairment losses.

The increase was partially set off by higher operating expenses resulting from improved business volume.