KUALA LUMPUR (Feb 22): Malaysia Building Society Bhd (MBSB) reported a fourth quarter net profit of RM45.64 million versus a net loss of RM15.81 million a year earlier on higher Islamic financing income and lower bad loan allowance. MBSB's income statement showed that Islamic financing net income rose to RM304.74 million from RM272.18 million. For the full year, MBSB said net profit dropped to RM201.41 million from RM257.59 million a year earlier. Looking ahead, MBSB said the corporate segment would be a crucial for the financial services provider's growth. "These activities include continued improvement in compliant operational workflows, efficient workflows and enhancing assets quality based on risk management and credit frameworks.

Source: The Edge Markets February 22, 2017 06:22 UTC