Bursa Malaysia Stock Watch
CIMB declares RM1b special dividend
kltrader
Publish date: Mon, 22 Nov 2010, 06:27 PM
kltrader
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KUALA LUMPUR: CIMB Group Holdings Bhd reported a 26% increase in earnings at RM916 million in the third quarter ended Sept 30, 2010.
It had on Monday, Nov 22 also declared a special dividend of 13.45 sen (single tier) amounting to a net payment of RM1 billion for the 3Q.
Group revenue was RM2.91 billion, down 4.1% on-year.
For the nine-months ended, net profit was RM2.643 billion, up 31.9% on-year and equivalent to net earnings per share of 37.2 sen.
"The annualised net return on equity of 16.7% is higher than the group's full-year target of 16%," CIMB said.
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