BIMB records 2Q net profit of RM153.03mil


According to BIMB, the weaker performance was owing to the impact of lower net financing income arising from downward revisions of the overnight policy rate and the recognition of a RM97.8mil modification loss due to the moratorium exercise in April 2020.

KUALA LUMPUR: BIMB Holdings Bhd's net profit for the second quarter ended June 30, 2020, slipped 21.6% to RM153.03mil from RM195.16mil in the same quarter last year with lower contributions from its banking and takaful businesses.

Over a six-month period, the group's net profit was 8.6% lower year-on-year (y-o-y) at RM362.26mil versus RM397.68mil previously.

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