PNB income dips 1.4% to RM5.3bil

KUALA LUMPUR: Permodalan Nasional Bhd’s (PNB) consolidated coterminous proforma net income for the year-to-date period ended May 31, 2019 dipped 1.4% to RM5.3bil, reflecting the challenging market environment where the FBM KLCI declined 2.4% during the same period. 

Notwithstanding this, PNB recorded an increase of 7% year-on-year in total assets under management, surpassing the RM300bil mark for the first time to RM301.4bil. 

The number of unit holders also grew 5.2% to reach 14.1 million accounts. 

At a progress update and income distribution announcement for the first half of 2019 today, PNB group chairman Tan Sri Dr Zeti Akhtar Aziz said the company’s diversification strategy will be accelerated across asset classes in order to optimise returns and minimise risk exposure, going forward. 

PNB also declared income distribution for Amanah Saham Bumiputera 3-Didik and ASN Equity 2 of 5.25 sen per unit and 2.80 sen per unit respectively. 

The total income distribution payout for these funds amounts to RM367mil, bringing total overall distribution to RM189.3bil for all 14 funds since PNB’s inception.