Maybank records Q109 net profit of RM572.2 million; improves asset quality

Maybank Group today announced profit after tax and minority interest of RM572.2 million for the three months ended 30 September 2008. The results include a maiden profit contribution of RM23.1 million from its 20% associate company, MCB Bank Ltd, Pakistan.

Group profit before tax for the period was RM881.8 million compared with RM1.01 billion in the corresponding quarter.

The Group results translate into a net return on equity of 11.7% while earnings per share for the quarter stood at 11.72 sen.

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