Tuesday, November 15, 2011

#Flash* CIMB 9M net profit rises to record RM2.898b

KUALA LUMPUR (Nov 15): CIMB Group Holdings Bhd net profit for the nine months ended Sept 30, 2011 rose 9.6% year-on-year to a record RM2.898 billion.

In a statement Tuesday, Nov 15, CIMB said for the third quarter ended Sept 30, its net profit rose 10.5pct year-on-year to RM1.012 billion from RM916 million in 2010.

Its group chief executive Datuk Seri Nazir Razak said the 3Q earnings were underpinned by the continued improvement at its Malaysian consumer banking operations and rebound in treasury and investments.

'We remain behind our full year targets, but given the deteriorating environment and our cautious stance, we are pleased with these results,' he said.


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