Thursday 19 November 2015

Lower Q2 earnings for AMMB, but improvement on-quarter

AMMB Holdings Bhd posted lower earnings of RM382.52mil in the second quarter ended Sept 30, 2015, due to lower contribution from other income, but its performance was much better when compared with the first quarter.

The banking group announced on Thursday the Q2 earnings were down 14.2% compared with the RM445.82mil a year ago. It declared an interim dividend of five sen a share or 12 sen a year ago.

AMMB reported other operating income declined to RM198.32mil from RM268.87mil a year ago.

Its revenue was also lower at RM2.088bil compared with RM2.21bil. Earnings per share were lower at 12.73 sen compared with 14.81 sen.

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