CIMB Group net profit falls to RM1.19 billion from RM4.5 billion

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

Performance was affected by the Covid-19 pandemic and higher loan provisions. FMTNews CIMBGroup

The CIMB Group has reported lower profits because of the Covid-19 pandemic.

Revenue fell to RM17.19 billion from RM17.80 billion previously, the group said in a filing with Bursa Malaysia today. CIMB said its performance was largely impacted by the Covid-19 pandemic, as well as specific provisions made for pandemic-related and legacy accounts.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ouh sooo sad

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.