Tabung Haji posts Q1 net profit of RM440m on stronger financial position | Malay Mail

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Tabung Haji posts Q1 net profit of RM440m on stronger financial position

Tabung Haji said its financial position strengthened with total assets exceeding total liabilities of RM1.2 billion, supported by improved portfolio investment performance, as well as overall healthy quality of assets after impairment was made in 2018. — Picture by Miera Zulyana

TH expects its revenue will continue to increase from the second quarter onward with the issuance of sukuk by Urusharta Jamaah Sdn Bhd which will provide a return of almost RM800 million a year and the implementation of a new investment adjustment process. “As an institution that helps Muslims save for the haj, the fund management operations remained smooth without any interruption during the quarter.In the run-up to the haj season later this year, TH said extensive preparations were made during the quarter, including the implementation of various initiatives to ensure quality services to all pilgrims.

 

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compared to last year 1st qtr?

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