MBSB posts RM58.2mil net profit in 1Q

KUALA LUMPUR: Malaysia Building Society Bhd’s (MBSB) net profit in the first quarter ended March 31, fell 8.2% to RM58.2mil from RM63.41mil in the same quarter last year.

MBSB, in a statement, said the lower profit is due to lower non-funded income and higher operating expenditure on technology and personnel-related expenses.