09.09.2010 - Bank Muamalat Malaysia Q1 profit up 114 pct
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
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