Mirror Daily

Sunday, January 17, 2021
Log in
  • Home
  • National & Global News
  • Business & Economy
  • Tech & Science
  • Health
  • About Mirror Daily
    • Our Team
    • Contact Us
    • Terms of Use
    • Privacy Policy GDPR
  • Latest News
    • The Geological Features of Pluto Have Just Gotten Dark Names Inspired from the Underworld
    • The Abuse of Imodium
    • McDonald’s Salads are worse than their Burgers
    • US Family Sues Hospital Over Botched Tonsillectomy
    • Should We Go Back to The Moon?
    • Photo of Gay Military Men Kissing Goes Viral

Pages

  • About Mirror Daily
  • Contact Us
  • Fossil Reveals That Dinosaurs Suffered from Arthritis
  • Our Team
  • Privacy Policy GDPR
  • Terms of Use
  • World Breastfeeding Week: Advantages and Disadvantages

Recent Posts

  • Using Tinder Intended for Hooking Up July 6, 2020
  • An Unbiased Enjoy of Argentine Mail Buy Brides July 1, 2020
  • Positives and negatives Of Going out with Thai Women of all ages June 27, 2020
  • Living, Death and Asian Females Looking For Guy June 27, 2020
  • The Unexposed Top secret of Japanese people Brides June 25, 2020
  • East European And Slavic Birdes-to-be ᐈ Locate Top Females For Marriage Here! June 24, 2020
  • Women Dating For the First Time June 23, 2020

AMMB Second Quarter Earnings at RM445.8m, Higher than Last Year

December 14, 2014 By Joe Hennessey

The earnings of AMMB Holdings Bhd, a banking group jumped RM445.82mil during the second quarter ending September 30, compared to last year’s RM440.85mil, mainly helped by lower expenses and higher operating income.

On Wednesday, the company said revenues slid to RM2.21bil compared to last year’s RM2.38bil. Company earnings for every share were at 14.81 sen, and announced a 12 sen a share for dividend.

The company’s second quarter results showed a decrease in its insurance commission and claims, while some operating income jumped to RM268.87mil. AMMB’s operating profit has been recorded higher than last year, reporting an RM633.06mil total operating profit. Other company expenses decreased to RM491.22mil.

AMMB Second Quarter Earnings at RM445.8m, Higher Than Last YearCompany earnings jumped to RM982.76mil for the last 6 months ending September 30, while its revenue increased to RM4.793bil. The company’s existing savings account composition remained steady at 20%, reporting 3.6% growth.

Ashok Ramamurthy, AMMB managing director, said the company’s performance in the year’s first half is a reflection of current transformation initiatives. The company’s recent, and newly-implemented combined wholesale banking model is gaining motion in preferred segments and sectors.

The director also said that the company is restructuring its loan portfolio, aiming for stronger growth within targeted segments. AMMB net loans increased 1.4% as a reflection of the company’s careful credit risk efforts in selected retail segments, including the restructuring of its coverage by sector and segment in non-retail loans.

The company reported RM621.2mil pre-tax revenue during the second quarter ending September 30, lower than the previous quarter profit of RM725.8mil ending June 30.

The company stated that the results were largely attributed to some lower operating income, deficiencies on monetary investments, including contingencies and commitments provisions.

The following two tabs change content below.
  • Bio
  • Latest Posts

Joe Hennessey

Joe has started his career as a fictional writer. He was acclaimed for both his inventive biographies and his formally diverse fiction. After getting married Joe has settled down in El Paso and currently works as an editor and most senior contributor of The Mirror Daily.

Latest posts by Joe Hennessey (see all)

  • Nuclear Tests During the Cold War Affected Space Weather - May 21, 2017
  • Facebook Messenger Gets a New Look to Improve Navigation - May 20, 2017
  • Wisconsin Officials Create Special Website for People with Mental Health Issues - May 12, 2017

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Business & Economy, IT & Diversified Sector Tagged With: AMMB Holdings Bhd

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Recent Articles

Albert Einstein in group photo

Einstein’s Travel Diaries Reveal His Lesser Known Racist Side

June 14, 2018 By John Birks

Baobab tree in Tanzania

Southern Africa’s Iconic Baobab Trees Facing Massive Die-Off

June 11, 2018 By John Birks

UFO 'Self Parking' Sign

Researcher Accuses NASA of Massive Alien Cover-Up

March 5, 2018 By John Birks

Elon Musk's flying Tesla roadster

NASA Warns Elon Musk’s Flying Tesla Roadster May Contaminate Mars

February 28, 2018 By John Birks

Windows 10 home screen

Microsoft Working on Making Windows Password-Free

February 12, 2018 By John Birks

Ice Cubes

Scientists Discover Fourth State of Water: Superionic Ice

February 10, 2018 By John Birks

Head of a northern gannet

Forever Alone Nigel the Gannet Found Dead near Fake Partner

February 3, 2018 By John Birks

Globular Star Cluster

Scientists Find Surprise Black Hole in Globular Star Cluster

January 20, 2018 By John Birks

The Amazon Echo Dot

America’s Smart Speaker Market Jumps to 39 Million Users

January 15, 2018 By John Birks

Pink plasma ball

CES 2018: Intel Presents Out-of-This-World Quantum Computer

January 10, 2018 By John Birks

Teen using her iPad

Major Apple Investors Urge Company to Do More About iPhone Addiction

January 8, 2018 By John Birks

Russian spacecraft

Out-of-Control Chinese Space Station Hurling Toward Earth

January 5, 2018 By John Birks

wanning moon seen on the evening sky in between trees

Scientists Thrilled about Trump’s Initiative to Send Explorers Back to the Moon

December 31, 2017 By John Birks

Two iPhone 7 models on table

Apple Confirms Slower-iPhone Conspiracy Theory

December 22, 2017 By John Birks

Related Articles

  • Using Tinder Intended for Hooking Up

    Jul 6, 2020
  • An Unbiased Enjoy of Argentine Mail Buy Brides

    Jul 1, 2020
  • Positives and negatives Of Going out with Thai Women of all ages

    Jun 27, 2020
  • Living, Death and Asian Females Looking For Guy

    Jun 27, 2020
  • The Unexposed Top secret of Japanese people Brides

    Jun 25, 2020
  • East European And Slavic Birdes-to-be ᐈ Locate Top Females For Marriage Here!

    Jun 24, 2020
  • Girls Dating Initially

    Jun 23, 2020
  • Ladies Dating The first time

    Jun 23, 2020
  • Girls Dating The first time

    Jun 23, 2020
  • Women Dating For the First Time

    Jun 23, 2020

Categories

  • Business & Economy
  • Capital & Retail Sector
  • Health
  • IT & Diversified Sector
  • National & Global News
  • Tech & Science

Copyright © 2021 MirrorDaily.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.