KUALA LUMPUR: MALAYAN BANKING BHD [] gave the FBM KLCI a much needed boost in afternoon trade on Monday, Feb 21, after it reported a set of strong earnings in the second quarter ended Dec 31, 2010.
At 2.57pm, Maybank was up 26c to RM8.85 with 5.20 million shares done.
The FBM KLCI rose 7.76 points to 1,525.32. Turnover was 1.01 billion shares valued at RM1.14 billion. The broader market was cautious, with 534 losers to 236 gainers while 276 stocks were unchanged.
At the midday break, Maybank announced net profit of RM1.125 billion for the second quarter ended Dec 31, 2010, which was 13.2% above the RM993.50 million recorded a year ago.
Its revenue increased by 11% to RM5.188 billion from RM4.671 billion. Earnings per share were 15.72 sen compared with 14.04 sen.
It declared an interim cash dividend of 28 sen less 25% taxation for the the financial year ending June 30, 2011.
For the first half, net profit was RM2.153 billion, which was 14.8% higher than the RM1.875 billion a year ago.
Revenue rose 10.3% to RM10.190 billion compared with RM9.236 billion.
It said its core capital ratio was 11.95% while its risk-weighted capital ratio was 14.31%.
On the performance in the second quarter, it said the earnings increased by RM97.1 million or 9.5% from the first quarter ended Sept 30, 2010.
Its net interest income and income from Islamic banking scheme operations rose RM93.4 million or 4.4% to RM2.21 billion from the first quarter.
'Compared to the preceding quarter, allowance for losses on loands, advances and financing and impairment losses were lower by RM147.2 million and RM7.6 million respectively,' it said.
On the first half performance, it said the group's net interest income for the period ended Dec 31, 2010 increased by RM277.1 million or 8.4% to RM3.587 billion.
'The increase in net interest income is mainly due to growth in Malaysian and Indonesian operations,' it said.
At 2.57pm, Maybank was up 26c to RM8.85 with 5.20 million shares done.
The FBM KLCI rose 7.76 points to 1,525.32. Turnover was 1.01 billion shares valued at RM1.14 billion. The broader market was cautious, with 534 losers to 236 gainers while 276 stocks were unchanged.
At the midday break, Maybank announced net profit of RM1.125 billion for the second quarter ended Dec 31, 2010, which was 13.2% above the RM993.50 million recorded a year ago.
Its revenue increased by 11% to RM5.188 billion from RM4.671 billion. Earnings per share were 15.72 sen compared with 14.04 sen.
It declared an interim cash dividend of 28 sen less 25% taxation for the the financial year ending June 30, 2011.
For the first half, net profit was RM2.153 billion, which was 14.8% higher than the RM1.875 billion a year ago.
Revenue rose 10.3% to RM10.190 billion compared with RM9.236 billion.
It said its core capital ratio was 11.95% while its risk-weighted capital ratio was 14.31%.
On the performance in the second quarter, it said the earnings increased by RM97.1 million or 9.5% from the first quarter ended Sept 30, 2010.
Its net interest income and income from Islamic banking scheme operations rose RM93.4 million or 4.4% to RM2.21 billion from the first quarter.
'Compared to the preceding quarter, allowance for losses on loands, advances and financing and impairment losses were lower by RM147.2 million and RM7.6 million respectively,' it said.
On the first half performance, it said the group's net interest income for the period ended Dec 31, 2010 increased by RM277.1 million or 8.4% to RM3.587 billion.
'The increase in net interest income is mainly due to growth in Malaysian and Indonesian operations,' it said.
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