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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%
