KUALA LUMPUR: AFFIN HOLDINGS BHD [] net profit for the second quarter ended June 30, 2011 rose 20.1% to RM134.19 million, due mainly to increase in both net interest income and Islamic banking income.
Revenue for the quarter rose to RM642.77 million from RM534.61 million in 2010. Earnings per share was 8.98 sen while net assets per share was RM3.64.
For the six months ended June 30, Affin's net profit slipped to RM240.25 million from RM247.04 million in 2010, on the back of a 20% increase in revenue to RM1.26 billion.
In a statement Monday, Aug 15, Affin chairman Gen (R) Tan Sri Mohd Zahidi Zainuddin said the group had delivered a strong growth during the first half of the year.
He said period saw the group strengthening its focus, with its divisions performing satisfactorily.
'We hope to continue delivering strong results as we believe that the Malaysian economy holds much potential for a full-fledged financial group such as Affin,' he said.
'The growth of the global economy for the second half of the year is likely to moderate due to the uncertainties of the global market conditions and we remain cautiously optimistic of our business moving forward,' he said.
Revenue for the quarter rose to RM642.77 million from RM534.61 million in 2010. Earnings per share was 8.98 sen while net assets per share was RM3.64.
For the six months ended June 30, Affin's net profit slipped to RM240.25 million from RM247.04 million in 2010, on the back of a 20% increase in revenue to RM1.26 billion.
In a statement Monday, Aug 15, Affin chairman Gen (R) Tan Sri Mohd Zahidi Zainuddin said the group had delivered a strong growth during the first half of the year.
He said period saw the group strengthening its focus, with its divisions performing satisfactorily.
'We hope to continue delivering strong results as we believe that the Malaysian economy holds much potential for a full-fledged financial group such as Affin,' he said.
'The growth of the global economy for the second half of the year is likely to moderate due to the uncertainties of the global market conditions and we remain cautiously optimistic of our business moving forward,' he said.
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