BIMB seeks for time extension to submit 4Q results

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KUALA LUMPUR (Feb 26): Shariah-compliant financial services provider BIMB Holdings Bhd has asked for a time extension to submit its financial results for the fourth quarter ended Dec 31, 2014 (4QFY14).

In a filing with Bursa Malaysia today, BIMB (fundamental:2.7; valuation : 1.8)  said it had submitted an application letter to Bursa Malaysia on Feb 25, 2015 to request for the time extension.

It added that its request for the time extension is pending approval from the relevant authority.

In its 3QFY14, the group registered a net profit of RM125.3 million, up 66% from 3QFY13's RM75.5 million, while revenue grew 7% to RM744.5 million from RM696 million.

As at 2.47pm today, BIMB was trading at RM4.04, up 4 sen or 1%, giving it a market capitalisation of RM6.17 billion.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)