JMMB Group has reported a sharp drop in profit for the year ended March 31.
The financial services company recorded a net profit of $3.7 billion, down from over $11.8 billion a year earlier.
The decline comes despite higher net interest income, which rose to $11.3 billion from $10.7 billion in 2024, and steady operating revenue of $25.2 billion.
The higher impairment losses of $1.9 billion and a significant decrease in share of profit from an associate weighed on the group's performance. But JMMB benefitted from gains on the disposal of property, plant and equipment, totalling $1.2 billion.
Earnings per share also fell sharply, moving from $5.92 last year to $1.80 this year.
All feeds
