Sat, Sep 20, 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
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930