Revenue for the period was 8.1% higher at RM830.25mil from RM768.03mil, the previous year, due to higher income from investments in liquid assets and higher financing income from corporate segment. This translated to basic earnings per share (EPS) was 1.18 sen from 2.24 sen.
KUALA LUMPUR: Malaysia Building Society Bhd
(MBSB) said Asian Finance Bank (AFB) is now a wholly owned subsidiary after it acquired all shares in the bank for RM644.95mil.
“We are on track with the merger and acquisition exercise with the completion of the sales and purchase agreement this week,” MBSB president and chief executive officer Datuk Seri Ahmad Zaini Othman said in a statement.
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