This involved a total payout of RM724.10 million, which would benefit more than 390,000 account holders currently owning 12 billion units, said PNB group chairman Abdul Wahid Omar.
“AS1M recorded a net income of RM600.47 million, a 16% growth from RM517.28 million in 2016, which was attributed to a stronger domestic equity market performance, particularly in the finance and services counters,” he said at a media briefing on PNB’s third-quarter performance and AS1M income distribution here today.
“We are pleased to have sustained the dividend level for AS1M, and the fund’s stronger financial performance will allow us to build additional reserves to support future distribution.”
Wahid also announced that PNB had recorded a net income of RM10.05 billion up to Aug 31, 2017, a growth of 8.8% compared to the same period last year, while assets under management (AUM) rose 4.2% to RM268.6 billion.
“Out of the total AUM, unit trust funds constituted RM228 billion while the remaining RM40.6 billion are the company’s proprietary funds,” he said.