BUSINESS

TH POSTS RM1.47 BLN INCOME IN FIRST HALF OF 2022

22/09/2022 03:44 PM

KUALA LUMPUR, Sept 22 (Bernama) --  Lembaga Tabung Haji (TH) posted a total income of RM1.47 billion for the first half of 2022 (1H22), with total deposits of RM88.09 billion, the highest level in the 59 years of its establishment.

For the first six months, more than 200,000 new savings accounts were opened, further increasing TH’s depositors to 8.6 million people.

“This achievement reflected TH’s resilience despite facing the after-effects of the COVID-19 pandemic which has not ended, among which were the effects of inflation, market uncertainty, and global economic weaknesses,” TH said in a statement today.

Group managing director and chief executive officer Datuk Seri Amrin Awaluddin said an investment approach that prioritises a safe return reflects TH’s commitment to safeguarding depositors’ interest by preserving and increasing their savings.

“Moving forward, TH will continue its efforts to increase income through investment and manage operational costs more efficiently, ensuring sustainability and stability of income distribution for depositors.

“TH will also continue to focus on a high level of governance, compliance and integrity for the benefit of TH and its depositors,” he said. 

According to TH, the bulk of the income was derived from fixed income investments that had contributed  RM966.34 million in the first half, accounting for 65.71 per cent of the total gross income. 

Investment in equities contributed RM224.62 million, an improvement of RM41.27 million compared to RM183.35 million in the same period last year. 

“After accounting for expenses and zakat, TH reported a net profit of RM1.03 billion for the first six months to June 30, 2022, compared to RM1.22 billion for the same period in 2021,” the pilgrims' fund board said.

-- BERNAMA

 


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2024 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy