Wednesday, November 16, 2011

#Flash* Alliance Financial Group 2Q net profit up 18.2% to RM120.95m

KUALA LUMPUR (Nov 16):'' ALLIANCE FINANCIAL GROUP BHD [] (AFG) reported a strong set of financial results for the second quarter ended Sept 30, 2011, with earnings up 18.2% to RM120.95 million from RM102.27 million a year ago.

It said on Wednesday that revenue increased by 5.9% to RM314.60 million from RM296.98 million. Earnings per share were 7.9 sen compared with 6.7 sen.

For the first half, the earnings rose 8.2% to RM250.51 million from RM213 million while its revenue increased 8.9% to RM624.37 million from RM573.20 million.

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