PETALING JAYA: Malaysia Building Society Bhd
(MBSB) recorded a 63.3% drop in net profit to RM85.56mil in the second quarter ended June 30, 2015, compared with RM232.86mil in the previous year. The non-bank lender attributed the decline to impairment losses on loans, advances and financing.
The group said the losses were a continuation of the two-year impairment programme it initiated in the fourth quarter of 2014.
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