Fri, Apr 18, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more

Bank Muamalat Malaysia Q1 profit up 114 pct

Posted on 09 September 2010

From Cpifinancial.net: Malaysia’s Bank Muamalat reports pre tax profit of MYR 44.8 million ($14.3 million) for the three months to end June. Net profit of the bank rose by 107 per cent to MYR 33.4 million ($10.7 million).
The enhanced performance was attributed to increased contribution from operating income and improved asset quality where allowances for impairment in financing narrowed considerably in the three months to June 2010. Net provisions made in the first quarter eased to MYR 18.9 million ($6.06 million), some 64 per cent lower from a year ago……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
282930