PETALING JAYA: Pilgrims fund Lembaga Tabung Haji today declared its recent restructuring exercise a success, citing revenue as well as close to 100,000 new deposits in the first three months of this year.
It said it recorded revenue of RM623 million and a net profit of RM440 million, adding that the value of its assets surpassed its liabilities by some RM1.2 billion. It added that some 91,000 people had opened new accounts with the fund between January and March this year. The government also said it would allocate RM500 million next year and subsequently RM1.73 billion annually until all the sukuk under the restructuring plan has been redeemed.
OK pay back the taxpayers that bailed TH.
Assets taken because of 4.1b liabilities. Yet, no sukuks were issued, no shares, but magically TH has no more liabilities. But assets have been taken.
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