Translate
25 July 2019
Lembaga Tabung Haji (TH) H1 2019 net profit rises to RM815mil - recorded a stronger financial performance in the first half of 2019,
Tabung Haji's H1 2019 net profit rises to RM815mil
Thursday, 25 Jul 20191:49 PM MYT
KUALA LUMPUR: Lembaga Tabung Haji (TH) recorded a stronger financial performance in the first half of 2019, underpinned by sustainable investment strategy and prudent cost management measures.
The pilgrimage fund announced on Thursday it recorded RM1.3bil in revenue due to its sustainable investment strategy and prudent cost management measures.
The revenue was generated primarily from fixed income assets investments (RM663mil), real estate investments (RM292mil) and Islamic money market instruments (RM199mil).
TH's net profit increased to RM815mil as a result of continuous cost savings in management and administration.
It expected its income to increase further when it receives the full benefits from Sukuk Urusharta Jamaah Sdn Bhd which was issued on May 30, 2019.
It also pointed out the change in its investment strategy to focuse more on stable investment assets enabled it to reduce the pressure from uncertain financial market conditions due to global trade tensions.
As at June 30, 2019, TH's financial position remained strong as total assets exceeded total liabilities by RM1.8bil, with total assets of RM74bil while total liabilities were RM72.2bil.
TH said the trust and support of depositors to TH remained intact with the amount of deposits remaining high at RM71bil as at June 30, 2019.
Read more at https://www.thestar.com.my/business/business-news/2019/07/25/tabung-hajis-h1-2019-net-profit-rises-to-rm815mil/#k1UIqhViWEGVHmlq.99
Popular Posts - Last 7 days
-
‘Alas pintu’ dengan gambar Kaabah sebenarnya sejadah mini - AEON BiG April 13, 2024 Susulan penularan gambar yang mendakwa penjualan ‘alas ...
-
Screenshot of a video shared by the public of the incident at the Kuala Lumpur International Airport (KLIA) Arrival Hall 1 on Sunday. SEPANG...
-
MAN DIES AS HIS BMW I7 CRASHES AND BURNS, WOMAN FRIEND SERIOUSLY INJURED A man died while his woman friend was seriously injured when the ca...
-
Mohd Shuhaily said the suspect had two previous records for threats and another record for stealing and impersonating a civil servant. - BER...
-
Coach Maloney and FAM part ways after eight years Bernama Julai 13, 2022 The Football Association of Malaysia (FAM) has released under fir...
-
SUSPECT HAFIZUL HARAWI IN KLIA SHOOTING FLED IN A WHITE HONDA CITY WXU 5666 from the parking area at Level 2 of Block C, where he parked...
-
Malaysia detects 3,902 new COVID cases, 8 deaths Melissa Fernando ASTRO AWANi Julai 20, 2022 Malaysia detects 3,902 new COVID cases, 8 de...
-
The Kota Bharu Magistrate's Court here, today, allowed the suspect suspected of opening fire at the Kuala Lumpur International Airport...
-
Abdul Rahman lepas jawatan dalam CIMB Group, terajui semula PNB Bernama April 16, 2024 Abdul Rahman merupakan Ketua Pegawai Eksekutif Kumpu...
Popular Posts - Last 30 days
-
Saudi says application for 1444 H umrah visa opens from today Bernama Julai 14, 2022 The Ministry of Haj and Umrah of Saudi Arabia has ann...
-
Wan Saiful confirms he is no longer PTPTN chairman Bernama Julai 12, 2022 Bersatu Information chief Datuk Wan Saiful Wan Jan today confirm...
-
Kedah MB: ECK no longer part of Kulim airport project Bernama Julai 13, 2022 Muhammad Sanusi announced that the ECK Group of Companies (EC...
-
King presents appointment letters to four new envoys Bernama Julai 12, 2022 His Majesty presenting the letter of appointment to M'sian...
-
Following is BEST FBKL's selection of The Top Ramadan 2024 Buka Puasa Buffet's in Kuala Lumpur and the Klang Valley. We hope that y...
-
Naz Empire's defamation lawsuit against Awal Ashaari to go to trial as mediation fails Bernama Julai 12, 2022 The defamation lawsuit f...
-
Paris court grants Malaysia's application to suspend claims by purported heirs of Sultan Jamalul Kiram II Bernama Julai 13, 2022 Dr Wa...
-
‘Alas pintu’ dengan gambar Kaabah sebenarnya sejadah mini - AEON BiG April 13, 2024 Susulan penularan gambar yang mendakwa penjualan ‘alas ...
-
Maybank Singapore withdraws lawsuit against NFC chairman, children over housing loans Bernama Julai 12, 2022 Maybank Singapore Limited has...
Blog Archive
-
►
2023
(3771)
- December (311)
- November (322)
- October (286)
- September (288)
- August (365)
- July (349)
- June (372)
- May (316)
- April (279)
- March (301)
- February (245)
- January (337)
-
►
2022
(4309)
- December (352)
- November (422)
- October (288)
- September (281)
- August (347)
- July (303)
- June (335)
- May (406)
- April (341)
- March (371)
- February (390)
- January (473)
-
►
2021
(9030)
- December (636)
- November (647)
- October (809)
- September (797)
- August (880)
- July (894)
- June (747)
- May (780)
- April (580)
- March (629)
- February (643)
- January (988)
-
►
2020
(6800)
- December (819)
- November (698)
- October (832)
- September (729)
- August (548)
- July (558)
- June (615)
- May (394)
- April (368)
- March (453)
- February (439)
- January (347)
-
▼
2019
(4089)
- December (411)
- November (425)
- October (375)
- September (279)
- August (397)
- July (353)
- June (326)
- May (315)
- April (266)
- March (318)
- February (293)
- January (331)
-
►
2018
(4100)
- December (305)
- November (304)
- October (357)
- September (352)
- August (420)
- July (442)
- June (366)
- May (412)
- April (343)
- March (275)
- February (233)
- January (291)
-
►
2017
(3888)
- December (268)
- November (293)
- October (352)
- September (309)
- August (356)
- July (300)
- June (319)
- May (354)
- April (316)
- March (335)
- February (306)
- January (380)
-
►
2016
(4563)
- December (331)
- November (328)
- October (378)
- September (415)
- August (404)
- July (380)
- June (310)
- May (370)
- April (430)
- March (484)
- February (355)
- January (378)
-
►
2015
(4588)
- December (402)
- November (392)
- October (393)
- September (375)
- August (450)
- July (392)
- June (456)
- May (407)
- April (408)
- March (374)
- February (262)
- January (277)