Tuesday 17 January 2012

MBSB targets 30% revenue from East Malaysia this year

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.



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