AMMB Holdings Bhd registered a higher income of RM1,014 million, up 3.2% supported by higher net interest income (NII) (+4.7%). Net interest margin (NIM) stable at 2.02% in the first quarter ended 30 June 2018 (Q1FY19).
Datuk Sulaiman Mohd Tahir, AmBank Group Chief Executive Officer said, “After a year of putting in place a series of fundamental changes, we have today a solid platform to grow further, as our Q1FY19 results point to a reasonable start to the new fiscal year. Our Q1FY19 income growth was broad based. NIM remained stable at 2.02%.”
PETRONAS Dagangan Bhd (PDB) posted a 38% increase in Profit Before Tax to RM424.3 million for the quarter ended 30 June 2018, as compared to the corresponding quarter last year. The increase is due to higher margin contributed by both Retail and Commercial segments as well as higher other income.
Revenue for the quarter stood at RM7,278.0 million, an increase of 10% or RM661.6 million as a result of increase in average selling price by 10%.
edotco Bangladesh, an integrated telecommunications infrastructure services company in Bangladesh, has been selected by the Bangladesh Telecommunication Regulatory Commission (BTRC) to obtain a conditional tower sharing incense.
Upon completion of the conditions, this license will allow edotco to build and manage telecommunications towers for multiple mobile network operators in the country.