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CIMB Group net profit jumps to RM1 08b in second quarter | Money malaymail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaymail.com Daily Mail and Mail on Sunday newspapers.
remains cautious in the short term on possible downside risks following the implementation of the full lockdown measures by the government in an effort to keep a lid on the Covid-19 pandemic.
The cautious stance came about despite the bank’s net profit for the first quarter ended March 31,2021, growing by about five times to RM2.46bil from RM507.93mil in the same quarter a year ago.
CIMB Group’s revenue for the quarter rose to RM5.96bil from RM4.14bil a year ago.
“The strong performance seen in the first quarter is an early indicator of recovery, underpinned by the resilience of our underlying business.
KUALA LUMPUR: CIMB Group Holdings Bhd made RM2.46bil in net profit in the first quarter on improved operating income, but the bank remained cautious about its outlook amid the resurgence of new Covid-19 cases and fresh lockdown imposed by the government to the spread of the virus.