November 24, 2016 / 5:30 AM / 3 years ago

CORRECTED-Malaysia's Maybank Q3 profit falls 5.4 pct on tax charges

(Corrects to clarify reason for profit fall in paragraph 1 and headline)

Kuala Lumpur, Nov 24 (Reuters) - Malaysia’s biggest lender Malayan Banking Berhad (Maybank) posted a fall in third-quarter profit due to a lower tax charge in the same period a year earlier.

Net profit for July-September was 1.795 billion ringgit ($402.9 million), the fourth quarterly decline in a row, and 5.4 percent lower than 1.898 billion ringgit a year earlier.

Net interest income for the quarter declined 2.4 percent to 2.83 billion ringgit.

The group clocked a quarterly revenue of 11.3 billion ringgit.

Analysts polled by Reuters had estimated net income of 1.08 billion ringgit and revenue of 5.42 billion ringgit for the quarter.

$1 = 4.4550 ringgit Reporting by Liz Lee; Editing by Jacqueline Wong

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below