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igher expenses drag AmBank Group's 2Q net profit down, pays 5 sen dividend

Mimi Sabreena 4:22:00 PM Informasi

KUALA LUMPUR (Nov 28): AMMB Holdings Bhd's (AmBank Group) second-quarter net profit slipped 6% year-on-year (y-o-y) on higher interest expense and other operating expenses.

The country’s sixth-largest lender by assets also recognised an impairment loss on doubtful sundry receivables of RM10.17 million in the current quarter under review.

Net profit fell to RM331.47 million in the three months ended Sept 30, 2017 (2QFY18) from RM352.63 million a year ago. Earnings per share were lower at 11.02 sen compared with 11.73 sen in 2QFY17.

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