It said on Tuesday its revenue increased by 21.1% to RM3.94bil while earnings per share were 18.65 sen compared with 13.60 sen.
When compared to the preceding quarter ended Dec 31, 2012, the group's net profit was 28.1% higher.
Datuk Seri Nazir Razak, the group chief executive of CIMB Group said on an operational basis, the banking group had a decent start to the year with steady growth across most business segments.
"The 1Q13 results were glossed by the gain on sale of our 51% interest in CIMB Aviva. We also took this opportunity to take some restructuring charges that will bring about longer term cost benefits. Excluding these one-off gains and charges, the Group's net profit would have grown by 4.2% on-year," he said.
CIMB Group's net interest income grew by 9.1% while non-interest income expanded by 42.5%, boosted by a RM515mil gain from the sale of the 51% interest in CIMB Aviva. It said excluding this gain, the group's non-interest income would have been 1.1% lower.
The group's profit before tax rose 28.1% to RM1.718bil, but it would be 4.6% higher after excluding the one-off gain and RM200mil in restructuring charges.
Source Mystar
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