MBSB profit soars on high operating income

PETALING JAYA: Malaysia Building Society Bhd’s (MBSB) net profit for its third quarter ended Sept 30 rose 45% to RM192.37mil from RM132.72mil mainly as a result of higher operating income from Islamic banking operations and conventional business as well as lower impairment losses on loans, advances and financing.

Revenue during the period increased to RM678.99mil from RM644.03mil a year earlier, the company said in a filing with Bursa Malaysia.