KATM Targets Profit Of More Than RM1 Million From Ar-Rahnu KT

KUALA LUMPUR, March 13 (Bernama) -- The Koperasi Angkatan Tentera Malaysia Bhd (KATM) is aiming for a profit of more than RM1 million from its Islamic pawn broking segment, Ar-Rahnu KT,into a year of its operations.

Source from (Bernama): http://www.bernama.com/bernama/v7/bu/newsbusiness.php?id=934115
Published: March 14, 2013

The profit target will be driven by the opening of more Ar-Rahnu branches throughout the country.

KATM Chairman Jeneral (R) Datuk Paduka Che Hasni Che Ahmad said at present, Ar-Rahnu KT has operations in Sungai Besi (Kuala Lumpur), Sungai Udang (Melaka) and Kluang (Johor).

"This year, we plan to open four more Ar-Rahnu KT branches in the Klang Valley and in the north.We have allocated RM300,000 for the opening of each branch and expect a return on investment after a year of operations," he added.

Che Hasni was speaking to reporters after officiating the opening of a Ar-Rahnu KT branch here today.

-- BERNAMA