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NewsMPHB Capital 3Q net profit up 38.4% to RM17.8 mln
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MPHB Capital 3Q net profit up 38.4% to RM17.8 mln
by Cals Thu 20 Nov 2014, 01:44
MPHB Capital 3Q net profit up 38.4% to RM17.8 mln
KUALA LUMPUR(Nov 19): MPHB Capital Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) net profit rose 38.4% to RM17.8 million in its third quarter ended Sep 30, 2014(3QFY14), from RM12.85 million in 3QFY13.
In a filing with Bursa Malaysia today, MPHB said the higher profit was due to gains from fair value changes in investment securities as well as better underwriting and investment income from its insurance division.
Revenue for 3QFY14 rose 15.3% to RM90.82 million, versus RM78.75 million in 3QFY13, on better performance of its insurance division.
For the nine months ended Sep 30, 2014 (9MFY14), MPHB’s net profit grew to RM 225.2 million, some 8.2 times its net profit of RM27.26 million in 9MFY13, mainly on exceptional gain from the disposal of investment properties by its investment division, and higher gain from fair value changes in investment securities of its credit division.
Revenue for 9MFY14 also grew by 69.7% to RM269.38 million compared to RM158.8 million in the same period a year ago.
Third quarter earnings per share (EPS) was lower at 2.49 sen per share (2.64 sen per share in 3QFY13), while EPS for 9MFY14 was higher at 31.5 sen per share (5.6 sen per share in 3QFY13).
MPHB shares closed down 4 sen or 1.68% to RM2.34 today, giving rise to a market capitalisation of RM1.69 billion.
KUALA LUMPUR(Nov 19): MPHB Capital Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) net profit rose 38.4% to RM17.8 million in its third quarter ended Sep 30, 2014(3QFY14), from RM12.85 million in 3QFY13.
In a filing with Bursa Malaysia today, MPHB said the higher profit was due to gains from fair value changes in investment securities as well as better underwriting and investment income from its insurance division.
Revenue for 3QFY14 rose 15.3% to RM90.82 million, versus RM78.75 million in 3QFY13, on better performance of its insurance division.
For the nine months ended Sep 30, 2014 (9MFY14), MPHB’s net profit grew to RM 225.2 million, some 8.2 times its net profit of RM27.26 million in 9MFY13, mainly on exceptional gain from the disposal of investment properties by its investment division, and higher gain from fair value changes in investment securities of its credit division.
Revenue for 9MFY14 also grew by 69.7% to RM269.38 million compared to RM158.8 million in the same period a year ago.
Third quarter earnings per share (EPS) was lower at 2.49 sen per share (2.64 sen per share in 3QFY13), while EPS for 9MFY14 was higher at 31.5 sen per share (5.6 sen per share in 3QFY13).
MPHB shares closed down 4 sen or 1.68% to RM2.34 today, giving rise to a market capitalisation of RM1.69 billion.
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