Bursa Alert
Global Market
NewsAffin Holdings 1Q net profit falls 9.2%
Page 1 of 1
Affin Holdings 1Q net profit falls 9.2%
by hlk Mon 20 May 2013, 19:44
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Monday, 20 May 2013 18:24
A + / A - / Reset
KUALA LUMPUR (May 20): AFFIN HOLDINGS BHD []) posted a net
profit of RM150.8 million for the first quarter of 2013 (FY13), down
9.2% year-on-year.
But its revenue rose 2.2% year-on-year to RM732.8 million.
“The lower profit was mainly due to lower share of results of an
associate of RM0.5 million for the first quarter of 2013, as compared to
RM19.6 million in the first quarter of 2012,” said Affin in a statement.
In 2012, there was a one-off write back of RM53.2 million by the
associate due to a change in the methodology of Unearned Premium
Reserve (UPR) computation, the company elaborated.
For the quarter under review, earnings per share (EPS) was lower at
10.09 sen, compared with 11.11 sen for the same quarter in previous
financial year.
The group’s net assets per share was RM4.14 as at 31 March 2013 (31
December 2012 : RM4.04).
The annualised ROE and ROA for the quarter under review were 9.9%
and 1.1% respectively.
Looking ahead, Affin said it is “cautiously optimistic of our prospects for
the year ahead”.
It added it looks forward “to capitalise on the burgeoning domestic demand”.
Written by Ho Wah Foon of theedgemalaysia.com
Monday, 20 May 2013 18:24
A + / A - / Reset
KUALA LUMPUR (May 20): AFFIN HOLDINGS BHD []) posted a net
profit of RM150.8 million for the first quarter of 2013 (FY13), down
9.2% year-on-year.
But its revenue rose 2.2% year-on-year to RM732.8 million.
“The lower profit was mainly due to lower share of results of an
associate of RM0.5 million for the first quarter of 2013, as compared to
RM19.6 million in the first quarter of 2012,” said Affin in a statement.
In 2012, there was a one-off write back of RM53.2 million by the
associate due to a change in the methodology of Unearned Premium
Reserve (UPR) computation, the company elaborated.
For the quarter under review, earnings per share (EPS) was lower at
10.09 sen, compared with 11.11 sen for the same quarter in previous
financial year.
The group’s net assets per share was RM4.14 as at 31 March 2013 (31
December 2012 : RM4.04).
The annualised ROE and ROA for the quarter under review were 9.9%
and 1.1% respectively.
Looking ahead, Affin said it is “cautiously optimistic of our prospects for
the year ahead”.
It added it looks forward “to capitalise on the burgeoning domestic demand”.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Affin Q1 pre-tax profit falls to RM185.8 mln
» Highlight Affin’s 2Q net profit falls 30% y-o-y to RM112 million
» Samchem Holdings 2Q net profit falls 30% to RM1.63 million yoy
» Update Boustead Holdings Bhd Q2 net profit falls 26% to RM45.3 million
» Banker is Affin Holdings CEO
» Highlight Affin’s 2Q net profit falls 30% y-o-y to RM112 million
» Samchem Holdings 2Q net profit falls 30% to RM1.63 million yoy
» Update Boustead Holdings Bhd Q2 net profit falls 26% to RM45.3 million
» Banker is Affin Holdings CEO
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|