(Kuala Lumpur, 28th News) Malaysian tycoon Tan Sri Ananda Krishnan passed away today (28th) at the age of 86.
According to the obituary released by USAHA TEGAS Sdn Bhd, Chairman Ananda Krishnan peacefully passed away on November 28th.
It is mentioned in the text, please respect the wishes of the family members, so they can mourn and cherish the deceased in private.
Ananda is a local listed company MiXTelematics ( $MAXIS (6012.MY)$), pay tv- Astro ( $ASTRO (6399.MY)$), and Bumi Armada ( $ARMADA (5210.MY)$The major shareholder. He also holds a 45% stake in the Sri Lanka listed company Sri Lanka Telecom.
In the 2024 Forbes Richest in Nanyang list, Ananda's wealth is 9.88 billion ringgit, ranking 7th richest in Malaysia.
Source of information: Nanyang Siang Pau
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This year's third-quarter earnings report is nearing its end. Today, the three banks also announced impressive results.
In a challenging market environment, these banks have achieved strong financial performance through steady operations and risk management.
Net profit increased by 10%, CIMC earned more than 2 billion
(Kuala Lumpur 28th) Lianchang International ( $CIMB (1023.MY)$) Thanks to a rise in both net interest income and non-interest income, net profit of RM2 billion in the 3rd quarter of fiscal year 2024 (up to the end of September) was 2 billion30.36 million, up 9.88% year on year.
Meanwhile, CIMC's third-quarter turnover increased 8.17% year over year to RM5.7 billion41.59 Ringgit. Revenue and core net profit also both recorded record highs.
In the first nine months of the current fiscal year, CIMC accumulated net profit of RM5.9 billion27.67 million, up 12.57% year on year, while revenue rose 8.53% year on year to RM16.9 billion 73.09 million.
According to CIMC International, its net interest income increased 6% in the first nine months of this year to RM8.5 billion71 million, while non-interest income rose 14.4% year-on-year to RM5.3 billion90 million.
The bank specifically pointed out that its net interest earnings (NIM) have been expanding for 3 consecutive quarters, from 2.59% in the late quarter of last year to 2.75% in the current quarter.
“The increase in net interest earnings is due to our discipline in pricing and our strategy of putting customer deposits first.”
Net interest earnings are expected to narrow at the end of the quarter
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