MBSB incurs Q4 net loss of RM15.8mil


MBSB President and Chief Executive Officer Dato Ahmad Zaini Othman

PETALING JAYA: Malaysia Building Society Bhd (MBSB) suffered a net loss of RM15.81mil in the fourth quarter ended Dec 31, 2015, compared with a net profit of RM393.07mil in the previous corresponding period, mainly due to allowances for higher impairment losses.

Revenue for the quarter under review grew 39% to RM825.69mil from RM594.33mil a year earlier.

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Business , MBSB , earnings , 4th quarter

   

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