KUALA LUMPUR (Nov 30): CIMB Group Holdings Bhd sinks into red ink, posting a net loss of RM100.59 million for the third quarter ended Sept 30, 2021 (3QFY21) from a net profit of RM194.44 million a year ago, underpinned by impairment of CIMB Thai goodwill amounting to RM1.22 billion in the current quarter.
KUALA LUMPUR: CIMB Group Holdings Bhd made a RM100.6mil loss in the third quarter due to a massive non-cash accounting impairment of goodwill of RM1.22bil for its business un Thailand, as well as RM83mil in intangible assets write-off and accelerated amortisation.
KUALA LUMPUR, Nov 30 CIMB Group Holdings Bhd recorded a net loss of RM100.6 million in the third quarter (Q3) ended Sept 30, 2021 (FY2021) against a net profit of RM194.44 million in the same period a year ago. Revenue slipped to RM4.39 billion from RM4.41 billion previously. “Q3 FY2021.
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