CIMB Group Holdings Bhd reported a Profit Before Tax (“PBT”) of RM1.74 billion for the first quarter of 2018 (“1Q18”) – representing a 8.0% year-on-year (“Y-o-Y”) growth on the back of lower operating expenses of 6.8% Y-o-Y and a 5.4% Y-o-Y decline in loan loss provisions.
Operating income was 1.3% lower Y-o-Y from lower net interest income and the deconsolidation of CIMB Securities International (“CSI”), partially offset by a RM152 million gain arising from the CSI sale.
The Group’s 1Q18 net profit improved 10.7% Y-o-Y to RM1.31 billion, translating into a net Earnings Per Share (“EPS”) of 14.2 sen and an annualised Return On average Equity (“ROE”) of 10.2%.
WCT Holdings Bhd, a leading engineering and construction as well as property company, announced today that it had registered a net profit of RM38.3 million for the first quarter ended 31 March 2018. This was 17% higher compared with RM32.8 million recorded in the same corresponding quarter last year.
Revenue for the current quarter was also higher at RM540 million compared with RM473 million recorded in the first quarter of the last financial year. The improved revenue was primarily attributed to the Group’s Engineering and Construction segment which accounted for 83% of the Group’s consolidated revenue.
PRICEWORTH International Bhd saw its net profit surge six times to RM10.3 million for the nine months ended 31 March 2018.
The timber and sustainable forest management group’s 526 percent jump in net profit followed a 17.5 percent rise in revenue to RM130.4 million for the nine months, it said in an announcement to Bursa Malaysia.