AmBank Group CEO Datuk Sulaiman Mohd Tahir said amidst the health crisis and macroeconomic headwinds in its 1H, the group has delivered resilient results with sustained growth in revenue and profit before provisions, which were up 5.3% and 9.8% respectively.
KUALA LUMPUR: AMMB posted higher underlying net profit of RM791.9mil in the first half ended Sept 30,2020 -- which was an increase of 11.4% from a year ago – excluding its adjustment for modification loss and higher macro provisions due to the Covid-19 pandemic.
The banking group said on Monday that however when it included the modification loss and provisions, its net profit was lower at RM602.48mil compared with RM711.03mil a year ago.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
