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NewsMBSB FY13 pre-tax profit rises 42% to RM932m
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MBSB FY13 pre-tax profit rises 42% to RM932m
by Cals Wed 29 Jan 2014, 10:01
| MBSB FY13 pre-tax profit rises 42% to RM932m |
| Business & Markets 2014 |
| Written by Bernama |
| Wednesday, 29 January 2014 08:55 |
KUALA LUMPUR (Jan 28): Malaysia Building Society Bhd's (MBSB) pre-tax profit grew 42 per cent to RM932.34 million in its financial year ended Dec 31, 2013 (FY13) from RM656.22 million previously.
In a filing to Bursa Malaysia, the group said the increase was mainly driven by higher income from Islamic banking operations via personal financing and other income.
Revenue rose to RM2.51 billion in the year compared to RM1.83 billion previously while earnings per share jumped to 37.07 sen from 21.64 sen.
MBSB declared total dividend of 10 sen per share for FY13, including an interim dividend of five sen per share in the fourth quarter.
On outlook, MBSB said personal financing would continue to be the main driver of asset growth in its retail segment, albeit at a slower growth.
While sustaining the personal financing portfolio, the group added that it had been expanding the corporate business segment including tapping into
opportunities under the government's Economic Transformation Programme.
"Barring any unforeseen circumstances, the group expects performance in 2014 to be satisfactory," said MBSB.
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