Public Bank’s Q1 net profit eases to RM1.40b on Prosperity Tax imposition

30/5/2022 8:53:00 AM

Public Bank’s Q1 net profit eases to RM1.40b on Prosperity Tax imposition

Public Bank’s Q1 net profit eases to RM1.40b on Prosperity Tax imposition

KUALA LUMPUR, May 30 — Public Bank Bhd’s net profit eased to RM1.40 billion in the first quarter ended March 31, 2022 (Q1 2022) from RM1.53 billion in the same quarter last...

for the latest news you need to know.for the latest news you need to know.A KUALA LUMPUR (May 30): National mortgage corporation Cagamas Bhd has concluded the issuance of its one-year floating bonds and sukuk worth RM1.A GEORGE TOWN (May 30): Penang has a strong financial position, registering accumulated consolidated fund reserves of RM1.

Monday, 30 May 2022 1:19 PM MYT KUALA LUMPUR, May 30 — Public Bank Bhd’s net profit eased to RM1.40 billion in the first quarter ended March 31, 2022 (Q1 2022) from RM1.821 billion at end-2020 compared with RM2.53 billion in the same quarter last year due to the imposition of the one-off Prosperity Tax.19 billion.Revenue also declined to RM4.According to the Auditor-General's (AG) Report 2020 Series 1 on the Management of Penang State-owned Companies, the consolidated revenue account balance decreased 23.89 billion in the quarter under review from RM5.78 million from RM1.

03 billion previously, it said in a filing with Bursa Malaysia today.78 million from RM1.Cagamas president and chief executive officer Datuk Chung Chee Leong said the IMTNs and CMTNs represent the first issuance concluded by Cagamas after the overnight policy rate hike of a quarter basis point by Bank Negara Malaysia on May 11.Public Bank founder, chairman emeritus, director and adviser, Tan Sri Teh Hong Piow said in Q1 2022, the group continued to sustain a resilient net return-on-equity of 11.8 per cent and an efficient cost-to-income ratio of 33."Revenue collection decreased 29.2 per cent."The deals were successfully priced with the three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) reference at equivalent to 2.“Overall, the operating environment still remains highly challenging.28 million from RM661.52 million in 2019.

However, the group’s sound fundamentals, coupled with its strategic vigilance and agility, enabled the group to sustain financial resilience,” he said.— Bernama Advertisement.The state government ended the financial year 2020 with a deficit of RM267.Subscribe to Mid-day email alert We deliver news to your inbox daily.

Read more:
Malay Mail »
Loading news...
Failed to load news.

A-G’s report: Penang recorded accumulated reserves of RM1.82b as of end-2020GEORGE TOWN, May 30 — Penang has a strong financial position, registering accumulated consolidated fund reserves of RM1.821 billion at end-2020 compared with RM2.1 billion at...

Cagamas concludes issuance of one-year floating bonds, sukuk worth RM1.025bKUALA LUMPUR (May 30): National mortgage corporation Cagamas Bhd has concluded the issuance of its one-year floating bonds and sukuk worth RM1.025 billion amid rising interest rates and inflation concerns.Cagamas said in a statement on Monday (May 30) that the issuance comprises the one-year floating profit rate Islamic medium-term notes (IMTNs) worth RM345 million and the one-year floating rate conventional medium-term notes (CMTNs) valued at RM680 million, bringing the company’s aggregate issuances for the year to RM7.19 billion.'The proceeds from

Penang recorded accumulated reserves of RM1.821b at end-2020 — AG's ReportGEORGE TOWN (May 30): Penang has a strong financial position, registering accumulated consolidated fund reserves of RM1.821 billion at end-2020 compared with RM2.1 billion at end-2019.According to the Auditor-General's (AG) Report 2020 Series 1 on the management of Penang state-owned companies, the consolidated revenue account balance decreased 23.1% to RM887.78 million from RM1.155 billion at end-2019.'Revenue collection decreased 29.4% to RM467.28 million from RM661.52 million in 2019. The state government ended financial year 2020 with a deficit of RM267.06 million against a surplus of RM80.21 million in 2019,' according to

MP SPEAKS | Govt must make public terms of Bangi-Putrajaya highwayConcessionaire does not seem to have experience in the field. Its a private fund initiative as i know gov not allocate any special loan to any company that want to build highway. EIA & traffic flow made by consultan. UKAS & JKR will screen the company technically and financially and cabinet will make decision approve or not. Mine rejected

Monkeypox presents moderate risk to global public health, WHO saysVirus has appeared in countries where it is not endemic.

Did PM's son-in-law join Japan trip on public dime, MPs ask'No reason why taxpayers should fund Jovian Mandagie's Japan trip.' Keluarga Malaysia Steady. Normal ppl also cannot enter Jepun Free loader !