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KUALA LUMPUR (Nov. 29): CIMB Holdings Bhd Group's net profit for the third quarter ended September 30, 2018 increased 4.2% to 1.18 billion RMB, compared to 1.13 billion RMB a year earlier. early, largely attributable to all segments, with the exception of wholesale banking.
In a report filed today with Bursa Malaysia, the ICMB announced that its revenues for the quarter had risen from RMB 4.42 billion to RMB 4.14 billion, due to a decline in other products. as interest and net interest income.
Earnings per share rose from 12.50 to 12.56 sen a year earlier.
For the nine months ended September 30 (9MFY18), the net profit of the CIMB reached RM 4.47 billion, compared with RM 3.41 billion the previous year, while the business turnover was above RM 13.31 billion compared to RM 13.11 billion a year ago.
Tengku Datuk, General Manager of CIMB Group, Seri Zafrul Aziz, said the good performance of 9MFY18 was backed up by lower provisions and lower costs, continued improvement in the mainstream and commercial banking business, as well as a Wholesale bank revenue recovery in the third quarter of 201418.
Regarding the outlook, he said the banking group remains on track to reach its key T18 targets.
"However, we remain cautious about weaker regional economies and global trade tensions.
"In this context, we will continue to monitor the quality of assets and costs in all activities and in all geographic areas, while finalizing our next medium-term plan to propel the CIMB on a stronger growth trajectory", did he declare.
At lunch break, the CIMB rose 2.09%, or 12 sen, to 5.87 RM with 2.04 million shares completed.
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