KUALA LUMPUR (Feb 20): AFFIN HOLDINGS BHD []’s earnings rose 4.7% to RM132.54 million in the quarter ended Dec 31, 2011 from RM126.57 million a year ago.
It said on Monday that its revenue increased by 14.4% to RM709.81 million from RM620.54 million. Earnings per share were 8.87 sen compared with 8.47 sen.
For the financial year ended Dec 31, 2011, the banking group said it recorded its best ever performance so far, with record profit before tax (PBT) of RM709.1 million compared with RM637.5 million in 2010. This was a RM76.1 million or 11.2% increase.
Affin Holdings said turnover was RM2.66 billion,up 17% from RM2.72 billion in 2010. Profit after tax (PAT) was RM507.99 million, up 3.96% from RM488.62 million.
The group’s improved profit in FY11 was primarily due to increase in net interest income and Islamic banking income totalling RM50.9 million.
Cumulatively, net interest income increased to RM869.6 million from RM839.9 million while Islamic banking Income increased to RM198.9 million from RM177.8 million on-year.
It said on Monday that its revenue increased by 14.4% to RM709.81 million from RM620.54 million. Earnings per share were 8.87 sen compared with 8.47 sen.
For the financial year ended Dec 31, 2011, the banking group said it recorded its best ever performance so far, with record profit before tax (PBT) of RM709.1 million compared with RM637.5 million in 2010. This was a RM76.1 million or 11.2% increase.
Affin Holdings said turnover was RM2.66 billion,up 17% from RM2.72 billion in 2010. Profit after tax (PAT) was RM507.99 million, up 3.96% from RM488.62 million.
The group’s improved profit in FY11 was primarily due to increase in net interest income and Islamic banking income totalling RM50.9 million.
Cumulatively, net interest income increased to RM869.6 million from RM839.9 million while Islamic banking Income increased to RM198.9 million from RM177.8 million on-year.
