Affin Holdings Bhd saw its earnings surge 284% to RM115.56mil in the first quarter ended March 31, 2016, boosted by lower allowance for loan impairment and higher loan recoveries.
The banking group announced on Tuesday the earnings performance was much improved from the RM30.08mil a year ago also due to higher share of profit in associate as well as the increase in both net interest income and Islamic banking income.
Its profit before tax and zakat (PBT) was up 213% to RM152.9mil compared with RM48.8mil a year ago. Revenue dipped 0.4% to RM426.92mil from RM428.67mil. Its earnings per share were 5.95 sen versus 1.55 sen.
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The banking group announced on Tuesday the earnings performance was much improved from the RM30.08mil a year ago also due to higher share of profit in associate as well as the increase in both net interest income and Islamic banking income.
Its profit before tax and zakat (PBT) was up 213% to RM152.9mil compared with RM48.8mil a year ago. Revenue dipped 0.4% to RM426.92mil from RM428.67mil. Its earnings per share were 5.95 sen versus 1.55 sen.
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