Malayan Banking Bhd (Maybank) posted a net loss of RM1.12bil for its fourth quarter ended June 30 against a net profit of RM703.2mil for the same period last year after setting aside provisions for bad debts and writing down value of its overseas investments.
It wrote down RM1.97bil in impairment charges on its investments in Pakistan and Indonesia.
Loss per share for the period was 17.62 sen against earnings per share of 14.41 sen. The banking group proposed a final dividend of 8 sen per share less tax 25%.
Despite the impairment charges, the group remained profitable for the full year ended June 30 with a net profit of RM691.9mil.
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Tuesday, August 25, 2009
Labels: Business
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