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Categories
| MBSB 3Q net profit jumps to RM52.68m |
| Business & Market 2009 | |||
| Written by Financial Daily | |||
| Friday, 06 November 2009 14:14 | |||
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In a filing with Bursa Malaysia, the company said the higher profit was also due to better performance of the Islamic banking operations and other non-core activities. Revenue for 3Q surged 74% to RM162.37 million from RM93.53 million in the same quarter last year while basic earnings per share rose to 7.52 sen from 1.99 sen. For the nine months ended Sept 30, 2009, MBSB's net profit climbed to RM66.91 million from RM41.72 million in the same period last year. Revenue grew 25% to RM379.16 million from RM302.04 million. The company said it expected to remain profitable in the last quarter of 2009 with the gradual recovery of the global economy. This article appeared in The Edge Financial Daily, November 6, 2009.
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