KUALA LUMPUR (Feb 28): CIMB Group Holdings Bhd’s net profit for the fourth quarter ended Dec 31, 2016 (4QFY16) increased 3.5% or 9.67 sen per share to RM854.39 million, from RM825.74 million or 9.7 sen per share a year ago, on improved net interest income. It recorded an increase of 6.7% in revenue to RM4.31 billion, from RM4.04 billion a year ago. For its full year (FY16), it made a 25% increase in net profit of RM3.56 billion, from RM2.85 billion previously. “Our best performing segment was Consumer, which contributed 46% of PBT [profit before tax], with Thailand posting its first annual profit since acquisition. It said the group’s total gross loans (excluding the bad bank) grew by 8.7% year-on-year, while total deposits grew 5.6% year-on-year.

Source: The Edge Markets February 28, 2017 06:04 UTC