KUALA LUMPUR: BIMB HOLDINGS BHD [] posted RM73.88 million in net profit for the fourth quarter ended Dec 31, 2011, on the back of improved asset quality by Bank Islam and better underwriting results by Takaful Malaysia.
It said on Tuesday, Feb 29, revenue was RM568.74 million, while earnings per share were 6.93 sen.
BIMB attributed the higher income to higher fund and non-fund based income, improved asset quality by Bank Islam as well as better underwriting results by Takaful Malaysia.
It also cited higher realised gains on disposal of investment and the release of contingent special reserves as causes of its strong performance.
For FY ended Dec 31, 2011, its recorded net profit of RM204.41 million on the back of RM2.036 billion in revenue.
It said on Tuesday, Feb 29, revenue was RM568.74 million, while earnings per share were 6.93 sen.
BIMB attributed the higher income to higher fund and non-fund based income, improved asset quality by Bank Islam as well as better underwriting results by Takaful Malaysia.
It also cited higher realised gains on disposal of investment and the release of contingent special reserves as causes of its strong performance.
For FY ended Dec 31, 2011, its recorded net profit of RM204.41 million on the back of RM2.036 billion in revenue.
