Tabung Haji first half net profit rises to RM815mil


The pilgrimage fund announced yesterday that it had recorded RM1.3bil in revenue during the six-month period, generated primarily from fixed-income asset investments (RM663mil), real estate investments (RM292mil) and Islamic money market instruments (RM199mil).

PETALING JAYA: Lembaga Tabung Haji (TH) has recorded a stronger financial performance in the first half of 2019, underpinned by a sustainable investment strategy and prudent cost-management measures.

The pilgrimage fund announced yesterday that it had recorded RM1.3bil in revenue during the six-month period, generated primarily from fixed-income asset investments (RM663mil), real estate investments (RM292mil) and Islamic money market instruments (RM199mil).

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Tabung Haji , profit , rises , first half , revenue , pilgrim , fund ,

   

Next In Business News

MoF: Govt to establish high-level facilitation platform to oversee potential, approved strategic investments
Meta Bright signs RM24mil leasing contract with Australia company
OCR Group to develop RM313mil residential project in Rawang
Fajarbaru wins RM252mil contract from WCT
Axis-REIT disposes of property in Johor for RM162mil
Data centres make up the bulk of RM144.7bil in approved digital investments
Tengku Zafrul: 2,214 EV Charging stations installed, Miti maintains 10,000 target by 2025
FBM KLCI closes at highest in 2 years
Country Garden allowed to postpone first payments on three onshore bonds
Thai c.bank says intervenes to ease baht volatility, policy rate 'robust'

Others Also Read