Tuesday, 14 February 2012

AMMB 3Q net profit up 9.8% to RM357.2m from RM325.3m yr ago

KUALA LUMPUR (Feb 14): AMMB HOLDINGS BHD [] posted net profit of RM357.18m for the third quarter ended Dec 31, 2011, up 9.8% from the RM325.31 million a year ago underpinned by profit growth across most divisions.

It said on Tuesday that its revenue increased 7.2% to RM1.955 billion from RM1.824 billion. Earnings per share were 11.95 sen compared with 10.83 sen.

“The group's pre-tax profit for the financial period ended Dec 31, 2011 improved to RM1.598 billion as compared to RM1.439 billion reported for the corresponding period last financial year,” it said.

For the nine-months ended Dec 31, 2011, its earnings increased by 13.8% to RM1.168 billion from RM1.026 billion in the previous corresponding period. Its revenue registered a 14% increase to RM6.047 billion from RM5.302 billion.

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