KUALA LUMPUR (Jan 17): Malaysian Building Society Bhd aims to increase revenue from its East Malaysian arm to 30% this year from more than 20% in 2011, said its CEO Datuk Ahmad Zaini Othman.
"Presently the East Malaysian side contributes about 20% to the group's revenue," he said at a signing ceremony between MBSB and Labuan Shipyard and Engineering Sdn Bhd on Tuesday.
The group began establishing its offices and branches there since two years ago and plans to open a further 14 branches this year.
Ahmad Zaini added that the group is expected to record a profit before tax of RM400 million for FY11.
"Presently the East Malaysian side contributes about 20% to the group's revenue," he said at a signing ceremony between MBSB and Labuan Shipyard and Engineering Sdn Bhd on Tuesday.
The group began establishing its offices and branches there since two years ago and plans to open a further 14 branches this year.
Ahmad Zaini added that the group is expected to record a profit before tax of RM400 million for FY11.
