MIDF on firm footing to face challenges http://mishelzaprovsky.wordpress.com/... MALAYSIAN Industrial Development Finance Bhd believes its strong financial results in 2007 will put the company in a good position to face the challenges faced by the banking industry this year.“The global economic situation will, of course, have an impact on our growth as well as the growth of other players. We now need to continue to sustain our business growth in these challenging times,” group managing director Mohd Najib Abdullah said.MIDF saw pre-tax profit rise 33% to RM138.5mil for the financial year ended Dec 31, 2007 and said its focus on growing customer relationships, operational efficiencies, remedial management and cost rationalisation would provide the company with a strong base for sustainable and quality growth.But Najib does see bumpy times ahead as businesses would exercise greater levels of prudence and control in their operations.
