Bank Muamalat pre-tax profit rises to RM92.4mil

KUALA LUMPUR: Bank Muamalat Malaysia Bhd (BMMB), which is in merger talks with Malaysia Building Society Bhd, posted a 33.5% hike in pre-tax profit to RM92.4mil for the six months ended Sept 30 from RM69.2mil in the previous corresponding period.

Commenting on the performance, BMMB chief executive officer Datuk Mohd Redza Shah Abdul Wahid said the improved performance was driven by a steady growth in revenue derived from a 12.4% growth in gross financing and its continuous effort in managing portfolio yields.