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NewsCIMB Thai’s Q1 net profit up 22.2% to RM34.21mil
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CIMB Thai’s Q1 net profit up 22.2% to RM34.21mil
by hlk Thu 19 Apr 2012, 21:33
KUALA LUMPUR: CIMB Thai Bank Plc posted net profit of 344.1mil baht (RM34.21mil) in the first quarter ended March 31, 2012, up 22.2% on-year from the 281.6mil baht a year ago from higher net interest income and net fee and service income.
It said on Thursday total operating income was 1.81bil baht, up 14.3% from 1.59bil a year ago mainly due to higher net interest income, net fee and service income, gains on investments, which was offset by lower other operating income.
CIMB Thai said net interest income side increased by 94.0mil baht, or 8.3%, largely underlined by loan expansion.
On the net fee and service income side, there was an increase of 105.5mil baht, or 50.6%, due to the increase in underwriting fee and commission income.
It said on Thursday total operating income was 1.81bil baht, up 14.3% from 1.59bil a year ago mainly due to higher net interest income, net fee and service income, gains on investments, which was offset by lower other operating income.
CIMB Thai said net interest income side increased by 94.0mil baht, or 8.3%, largely underlined by loan expansion.
On the net fee and service income side, there was an increase of 105.5mil baht, or 50.6%, due to the increase in underwriting fee and commission income.
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