Malaysia Building Society Bhd announced unaudited consolidated earnings results for the first quarter ended March 31, 2012. For the quarter, the company reported operating revenue of MYR 378,879,000, profit before taxation and zakat of MYR 110,470,000 and profit attributable to ordinary equity holders of the parent of MYR 79,415,000 or 5.30 sen per diluted share compared to revenue of MYR 294,499,000, profit before taxation and zakat of MYR 91,026,000 and profit attributable to ordinary equity holders of the parent of MYR 68,280,000 or 9.68 sen per diluted share a year ago. The increase in profit before tax was mainly due to higher income from Islamic banking operation via the expansion of personal financing. The increase in profit in the current quarter was mainly due to higher income from Islamic operations and higher net interest income from conventional business. Annualized net return on equity was 27.0%. Annualized net return on equity based on the first quarter results was mainly due to expansion of personal financing activities. Net cash used in operating activities was MYR 421,398,000 against MYR 47,730,000 a year ago. Purchases of property, plant and equipment were amounted to MYR 1,320,000 against MYR 565,000 a year ago. Purchases of intangible assets were amounted to MYR 474,000 against MYR 510,000 a year ago. The company also provided earnings guidance for the year 2012. For the period, the company expects net return on equity to be 15.0%. Revenue growth to be 25.0%.