In the final quarter, the net profit is 2.532 billion, and the Bank declares a dividend of 32 sen.
(Kuala Lumpur, 26th) The market cap leader in the Malaysian stock market — Bank. $MAYBANK (1155.MY)$Driven by the increase in operating income, the net profit for the fourth quarter of the fiscal year 2024 grew by 6.05% year-on-year, reaching 2.5 billion 32.23 million 2000 Ringgit, while announcing a dividend of 32 cents.
The Bank reported to the Malaysian Exchange on Wednesday, with final quarter revenue increasing by 3.47% year-on-year, reaching 16.7 billion 35.88 million Ringgit.
For the whole year, the revenue increased by 8.55% year on year, reaching 68.9 billion 42.78 million 5000 Ringgit; the net profit increased by 7.90% year on year, reaching 10 billion 88.67 million 3000 Ringgit.
The President and CEO of the Bank, Dato' Kairush Ali, stated in a statement that the bank will implement its existing strategy to strengthen revenue growth.
Looking ahead, given the continued strong economic growth, the bank stated that it is fully prepared to provide support in key economic projects, as well as private and public investments, while also accelerating digitalization.
The bank stated that it will continue to maintain good liquidity, strong asset quality, and robust capital levels to promote asset growth.
As for the dividend of 32 cents per share, the ex-dividend date and distribution date will be announced later.
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Net profit increased by 11%, dividend of 11 cents, Public Bank earned 1.8 billion in the last quarter.
In addition, Public Bank $PBBANK (1295.MY)$Both net interest income and non-interest income have strengthened, with a net profit at the end of the fiscal year 2024 (as of the end of December)...

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