AMMB Holdings Berhad announced unaudited group and company earnings results for the first quarter ended June 30, 2018. For the quarter, on group basis, reported operating revenue of MYR 2,171,291,000 against MYR 2,080,747,000 a year ago. Net interest income was MYR 431,373,000 against MYR 416,243,000 a year ago. Net income was MYR 1,013,681,000 against MYR 982,151,000 a year ago. Profit before taxation and zakat was MYR 493,841,000 against MYR 449,105,000 a year ago. Profit for the period attributable to equity holders of the company was MYR 347,594,000 or 11.56 sen diluted per share against MYR 328,273,000,000 or 10.91 sen basic and diluted per share a year ago. Net cash from operating activities was MYR 3,036,616,000 against net cash used in operating activities MYR 987,289,000 a year ago. Purchase of property and equipment and intangible assets was MYR 32,360,000 against MYR 35,215,000 a year ago. Return on equity was 8.3% and return on assets (ROA) was 0.99%. Net debt charge was MYR 7 million.

For the quarter, on company basis, the company reported operating revenue of MYR 446,596,000 against MYR 11,001,000 a year ago. Interest income was MYR 19,105,000 against MYR 9,922,000 a year ago. Net operating income was MYR 422,430,000 against loss of MYR 12,238,000 a year ago. Profit before taxation was MYR 420,795,000 against loss of MYR 18,352,000 a year ago. Profit for the period representing total comprehensive income for the financial period was MYR 420,700,000 against loss of MYR 18,352,000 a year ago. Net cash used in operating activities was MYR 6,446,000 against net cash from operating activities of MYR 63,545,000 a year ago.

For the fiscal year 2019, the company expects ROE will be 8.5%.