Maybank records Q109 net profit of RM572.2 million

Maybank records Q109 net profit of RM572.2 million; improves asset quality
Maybank Group today announced profit after tax and minority interest of RM572.2 million for the three months ended 30 September 2008. The results include a maiden profit contribution of RM23.1 million from its 20% associate company, MCB Bank Ltd, Pakistan.

Group profit before tax for the period was RM881.8 million compared with RM1.01 billion in the corresponding quarter.

The Group results translate into a net return on equity of 11.7% while earnings per share for the quarter stood at 11.72 sen.

URL: http://www.maybank2u.com.my/mbb_info/m2u/p...s/AU02-Newsroom

Record profit again for Maybank

Kuala Lumpur: Malayan Banking Bhd (Maybank) has turned in a record net profit for the second straight year and is cautiously optimistic it can keep up its growth momentum despite a weakening global economy.


"There are some challenges out there in the global economy, but based on our current assessment, we believe there's enough impetus from various ETP (Economic Transformation Programme) projects to drive growth in Malaysia, whilst at the same time, we believe there's enough momentum going in Singapore and Indonesia to continue to drive our growth.

Read more: Record profit again for Maybank http://www.btimes.com.my/Current_News/BTIM...l#ixzz1Vo08MgpR

Maybank will shoot up today?