KUALA LUMPUR: MALAYSIA BUILDING SOCIETY BHD [] net profit for the second quarter ended June 30, 2011 jumped 58% to RM78.25 million from RM49.51 million a year earlier, due to higher income from Islamic banking operations and conventional business net interest income, lower other operating expenses and lower impairment allowances on loans.
It said on Tuesday, Aug 2 that its revenue for the quarter surged to RM318.56 million from RM176.13 million in 2010. Earnings per share was 10.52 sen while net assets per share was 81.85 sen.
The company declared an interim dividend of 3.75 sen net per share totaling RM45.58 million for the financial year ending Dec 31, 2011 to be paid on Sept 5.
For the six months ended June 30, MBSB's net profit surged to RM146.53 million from RM92.7 million in 2010, on the back of revenue RM630.19 million.
On its prospects, MBSB said the continued strong earnings in the second quarter were attributed to its continuous efforts to increase its loans in the retail segment.
'The group is expected to launch several new financial products, focus on fee-based income and to improve customer service level.
'Barring any unforeseen circumstances, the group expects to continue to record satisfactory performance in 2011,' it said.
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It said on Tuesday, Aug 2 that its revenue for the quarter surged to RM318.56 million from RM176.13 million in 2010. Earnings per share was 10.52 sen while net assets per share was 81.85 sen.
The company declared an interim dividend of 3.75 sen net per share totaling RM45.58 million for the financial year ending Dec 31, 2011 to be paid on Sept 5.
For the six months ended June 30, MBSB's net profit surged to RM146.53 million from RM92.7 million in 2010, on the back of revenue RM630.19 million.
On its prospects, MBSB said the continued strong earnings in the second quarter were attributed to its continuous efforts to increase its loans in the retail segment.
'The group is expected to launch several new financial products, focus on fee-based income and to improve customer service level.
'Barring any unforeseen circumstances, the group expects to continue to record satisfactory performance in 2011,' it said.
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