Affin Holdings Bhd posted net profit of RM91.58 million in its first quarter ended March 31, 2009, which marginally lower than the RM92.39 million a year ago.
It announced on May 15 pre-tax profit was RM120.26 million against RM124.41 million. Revenue dipped to RM498.97 million from RM547.16 million. Earnings per share was 6.13 sen versus 6.19 sen.
When compared to the preceding quarter ended Dec 31, 2008, the pre-tax profit was higher than the RM115.60 million. “The first quarter achievement was a result of improved operating income and lower impairment loss on securities,” it said.
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