CIMB’s FY17 PBT up 25.1% to a record RM6.11 billion 

 |  Thursday, 01 March 2018 10:44  |  Published in CORPORATE

CIMB Group Holdings Bhd reported a Profit Before Tax (PBT) of RM6.11 billion for financial year 2017. 

On a year-on-year (Y-o-Y) basis, the Group’s FY17 operating income expanded 9.7%, translating to a 14.6% Y-o-Y improvement in Pre-Provision Operating Profit (PPOP) and a 25.6% Y-o-Y growth in Net Profit to RM4.48 billion. The FY17 net Earnings Per Share (EPS) stood at 49.6 sen with a net Return On Average Equity (“ROE”) of 9.6%. 

CCM Chalks 25% Increase in Revenue For 2017

 |  Thursday, 01 March 2018 10:43  |  Published in CORPORATE

Chemical Company of Malaysia Bhd (CCMB) achieved an impressive 25 per cent increase in revenue from RM296.4 million to RM370.7 million for the financial year ended 31 December 2017 for its Chemicals and Polymers businesses, mainly due to improved revenues. 

For the current quarter ended 31 December 2017, the Group recorded revenue of RM109.2 million, higher by 48 per cent compared to the corresponding quarter last year of RM73.7 million, after experiencing improved sales for the said quarter under review. Meanwhile, the Group’s profit before tax (PBT) for the financial year ended 31 December 2017 jumped by more than six folds to RM15.0 million from RM2.1 million achieved for the corresponding period of 2016. 

Boustead Breaks Billion Ringgit Ceiling 

 |  Thursday, 01 March 2018 10:41  |  Published in CORPORATE

Boustead Holdings Bhd delivered a strong performance for the year ended 31 December 2017, posting a record-high profit before tax (PBT) of RM1.1 billion compared with RM740 million last year. 

Profit after tax (PAT) jumped to RM923 million while revenue increased to RM10 billion. This improved performance was driven by gains realised on disposal of plantation lands, amounting to a total of RM555 million. 

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