PETALING JAYA: Malaysia Building Society Bhd (MBSB) posted a net profit of RM316.8mil for its first quarter ended March 31, 213% higher than the net profit of RM101.3mil it posted for the same period last year, largely due to a write-back.
The write-back of RM154mil was on the allowance for impairment losses following the implementation of MFRS 9 effective January this year.
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