KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Malayan Banking’s 2QFY25 net profit rose nearly 4% y-o-y to RM2.63bil as higher income offset rising provisions for bad debts.
Public Bank’s 2QFY25 net profit slipped 1% y-o-y to RM1.76bil, dragged by lower non-taxable income. The bank declared a first interim dividend of 10.5 sen per share.
IOI Properties Group
’s 4QFY25 net profit plunged by 47% y-o-y to RM823.9mil due to lower fair value gains from investment properties and higher interest expense following the commencement of operations of IOI Central Boulevard Towers.
MBSB’s 2QFY25 net profit jumped 74.28% y-o-y to RM95.56mil from RM54.8mil, mainly attributed to a 41.53% decline in expected credit losses on loans, financing and advances, and
other impairment.
Pharmaniaga’s 2QFY25 net profit up 42% y-o-y to RM4mil, driven by stronger demand from the government’s concession.
AAX’s 2QFY25 net profit soared six-fold y-o-y to RM35.2mil, boosted by favourable net foreign exchange gains.
