Bursa Malaysia Stock Watch

CIMB Group records higher pre-tax in Q3

kltrader
Publish date: Mon, 22 Nov 2010, 09:13 PM
kltrader
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KUALA LUMPUR, Nov 22 - CIMB Group Holdings Berhad (CIMB Group) recorded a higher pre-tax profit of RM1.184 billion for the third quarter ended September 30, 2010, from RM1 billion in the third quarter of 2009.

Revenue rose to RM2.91 billion from RM2.78 billion in the corresponding period.


The group reported a net profit of RM2.643 billion for the nine months financial year 2010 (9MFY10), representing a 31.9 per cent year-on-year growth and equivalent to net earnings per share of 37.2 sen.


The 9MFY10 results are the group's first set of financials in full compliance with the Basel II framework and yet another step forward in the CIMB Group's commitment towards upholding the highest levels of corporate governance and transparency.


The group chief executive of CIMB Group, Datuk Seri Nazir Razak, said the group was in line to meet key targets after nine months and has had a good fourth quarter so far, especially in investment banking, with major deals successfully completed in Hong Kong, Malaysia and Indonesia.


The group has declared a special dividend of 13.45 sen (single tier) amounting to a net payment of RM1 billion. The dividend will be paid to shareholders before December 31, 2010. - Bernama

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