Maybank up on final dividend

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Maybank up on final dividend

Business & Market 2010

Written by Surin Murugiah

Monday, 23 August 2010 09:29

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KUALA LUMPUR: Malayan Banking Bhd (Maybank) shares rose on Monday, Aug 23 after the banking group proposed a final dividend of 44 sen per share.

At 9.15am, Maybank was up 16 sen to RM8.29. It was also among the most actively trade stocks with 1.52 million shares done.

Maybank reported net profit of RM912.47 million in the fourth quarter ended June 30, 2010 versus net loss of RM1.118 billion a year ago when it was affected by the RM1.97 billion impairment charge on its investment in Bank Internasional Indonesia (BII) and MCB Bank.

Revenue dipped to RM4.73 billion versus RM4.85 billion. Earnings per share were 12.89 sen versus loss per share of 17.62 sen. Its pre-tax profit was RM1.36 billion versus a pre-tax loss of RM821.67 million.

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Last Updated on Monday, 23 August 2010 16:40

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