Analysts say MBSB nine-month profit within expectation


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. This translated to basic earnings per share (EPS) was 1.18 sen from 2.24 sen.

PETALING JAYA: Malaysia Building Society Bhd’s (MBSB) profit for the first nine months ending Dec 31, 2018 (FY18) was within expectation, thanks to lower provision for loan impairment made by the bank, analysts said.

MIDF Research said the provisions fell for the period under review fell 94.1% year-on-year due to continuous write-backs.

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