For the nine months ended Dec 31, 2013, its earnings rose 9% to RM1.329bil from RM1.219bil in the previous corresponding period. Its revenue rose 13.4% to RM7.215bil from RM6.358bil.
PETALING JAYA: Australia and New Zealand Banking Group Ltd (ANZ) has provided A$260mil (RM773.07mil) as impairment losses on its stake in AMMB Holdings Bhd
in its latest result, sending yet another clear signal of its intention to dispose of the stake.
According to ANZ’s 2015 annual report, the value of its stake in AMMB is booked at A$1.424bil (RM4.23bil). With the impairment, the value is now estimated at A$1.16bil (RM3.46bil), which is still above the market value of its 23.8% stake in AMMB based on yesterday’s closing price.
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