PETALING JAYA: Non-bank lender Malaysia Building Society Bhd’s (MBSB) net profit fell 8.8% to RM57.93mil for the third quarter ended Sept 30, 2016 from RM63.53mil in the same period, a year ago, on higher allowances for impairment losses on loans, advances and financing.
Revenue for the period was 8.1% higher at RM830.25mil from RM768.03mil, the previous year, due to higher income from investments in liquid assets and higher financing income from corporate segment.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!