AmBank Group returns to the black with RM1.5bil net profit in FY22

KUALA LUMPUR: AMMB Holdings Bhd (Ambank) swung to the black in its financial year ended March 31, 2022, with a net profit of RM1.5bil as compared with a net loss of RM3.83bil in the previous year.

For another comparison, the financial services group's negative performance in the previous year was owing to one-off exceptional items, which if excluded, resulted in a core profit of RM962mil.