UOB Kay Hian Research expects weaker results from plantations
KUALA LUMPUR: UOB Kay Hian Malaysia Research expects all companies under its coverage to register weaker on-quarter results on lower fresh fruit bunches (FFB) production and crude palm oil (CPO) average selling prices in the first
quarter ended March 31, 2018.
KUALA LUMPUR (May 28): Malayan Banking Bhd (Maybank) net profit for the first quarter ended March 31, 2018 rose 10% to RM1.87 billion, from RM1.70 billion a year earlier, on higher net interest income and Islamic Banking income.
In a filing with Bursa Malaysia, Maybank said today revenue for the quarter dipped to RM11.52 billion, versus RM11.28 billion a year earlier.
Earnings per share was 17.26 sen, versus 16.73 sen previously.