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MBSB Announces Financial Period Ended 3rd Quarter 2007 Headline Kpis And Economic Profit/loss.
BackOct 31, 2007
Malaysia Building Society Berhad ("the Company') wishes to announce its headline Key Performance Indicators ("KPIs") and economic profit for the third quarter ended 30 September 2007. 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.
 |
2nd QTR 2007
|
3rd QTR 2007
|
|
RM ‘000
|
RM ‘000
|
| Profit after taxation (Group) |
19,675
|
25,053
|
| Less: Cost of capital employed |
(22,571)
|
(33,945)
|
| Economic Profit/ loss |
(2,896)
|
(8,892)
|
The Economic Loss is higher as compared to the 2nd Quarter 2007 due to lower profit growth registered in the 3rd Quarter 2007 compared to the previous quarter.
2. THE HEADLINE KPIs
The headline KPIs represents the corporate targets or aspirations set by the Company and should not construe as being forecast. The financial period ended 30 September 2007 performances are as follows:
|
Headline KPIs
|
TARGET
|
ACTUAL
|
Variance
|
|
FY 2007 KPI
|
3rd Quarter 2007
(Annualized) |
|
| Return on Equity ("ROE") |
7%
|
7.76%
|
0.76%
|
| Revenue Growth |
15%
|
14.95%
|
-0.05%
|
| Retail Loans Growth |
25%
|
28.73%
|
3.75%
|
2.1 Return on Equity
For the financial period ended 30 September 2007, the Group managed to post pretax profit of RM25.130 million which was resulted higher average Return on Equity.
2.2 Revenue Growth
The revenue posted slightly lower growth of 14.95% against target of 15%.
In terms of retail loans growth, the Company has surpassed its 3rd Quarter 2007 KPIs for retail loan growth of 28.73% against target of 25%.
