KUALA LUMPUR: Malaysia Building Society Bhd
’s (MBSB) first quarter ended Mar 31, 2014 net profit rose 18.4% to RM196.73mil from RM166mil a year ago due to increased profit from its personal financing and corporate loans.
In a statement to Bursa Malaysia on Thursday, the group said its revenue for the period rose 18.6% to RM667.11mil from RM562.47mil a year ago boosted by higher operating income and lower allowances for impairment losses on loans, advances and financing.
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