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BIMB 2Q net profit drops on higher personnel, overhead cost

Mimi Sabreena 3:32:00 PM Informasi

KUALA LUMPUR (Aug 28): BIMB Holdings Bhd reported a 6% drop in second quarter net profit at RM135.67 million from RM143.71 million a year earlier on higher personnel, overhead and finance cost. BIMB is an Islamic financial-services provider.

In a statement to Bursa Malaysia today, BIMB said revenue came in higher at RM943.19 million in the second quarter ended June 30, 2017 (2QFY17) from RM882.44 million.

BIMB said 1HFY17 net profit rose to RM286.77 million from RM278.97 million a year earlier while revenue was higher at RM1.86 billion versus RM1.77 billion.

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