Email This Print This News

MBSB Announces Financial Period Ended 1st and 2nd Quarter 2007 Headline Kpis And Economic Profit /loss

BackSep 07, 2007

Malaysia Building Society Berhad ("the Company") wishes to announce its headline Key Performance Indicators ("KPIs") and economic profit for the First and Second Quarter ended 31 March 2007 and 30 June 2007 respectively. Please be informed that the information is disclosed on a voluntary basis.

 

1. ECONOMIC PROFIT AND LOSS STATEMENT

Economic profit or loss is amount earned for a period by a business after deducting the operating expenses and a charge for the opportunity cost of capital employed.

1ST Quarter 2007
RM'000
2nd quarter 2007
RM'000
Profit after taxation (Group)
4,680
19,675
Less: Cost of capital employed
(11,507)
(22,571)
Economic Profit/(loss)
(6,071)
(2,896)

Explanation:

The Economic Profit/Loss has improved as compared to the 1st Quarter 2007 due to higher profit growth registered in the 2nd Quarter 2007.

 

 

2. HEADLINE KPIs

The headline KPIs represent the corporate targets or aspirations set by the Company and should not construe as being a forecasts. The financial period ended for 2nd Quarter 2007 performances are as follows:

Headline KPIs
FY2007 Target KPI
30 June 2007
(Annualized)
Return on Equity ("ROE")
7.00%
9.37%
Revenue Growth
15.00%
13.59%
Retail Loan Growth
25.00%
26.73%

Explanation:

1.1 For the financial period ended 30 June 2007, the Group managed to post pre-tax profit of RM19.642 million which resulted a higher average Return on Equity.

1.2 In term of revenue growth, the Company registered slightly lower growth of 13.59% against target of 15%
 
1.3 However, the Company has surpassed its 2nd Quarter 2007 KPIs for retail loan growth of 26.73% against target of 25%.