IN reference to the story “Maybank net profit at RM1.6b”, the financial institution has clarified that the group’s insurance and takaful arms recorded healthy pre-tax profit for the quarter. The third quarter and year-to-date pre-tax profit for the insurance and takaful businesses were RM193.8mil and RM582.4mil, respectively and not “losses” as reported.
The discrepancy in figures is due to the reporting format.
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