KUALA LUMPUR: AFFIN Holdings Bhd’s (AFFIN) net profit dropped to RM73.26 million in the third quarter ended September 2017 to RM139.64 million in the same period a year ago. However, the bank recorded an increase in net profit before tax after zakat of RM465.1 million for the cumulative nine-month period while profit after tax for the period stood at RM354.5 million. Earnings per share for the nine-month period stood at 17.59 sen. Net assets per share as at September 30, 2017 was RM4.66, higher than RM4.47 as at December 31, 2016. “The group will continue to focus on prospects for profitable growth undertaken through the Affinity Transformation Programme,” it said. With the group’s ongoing re-organisation, AFFIN is poised to improve its efficiencies, adaptability as well as productivity in order to thrive in the highly competitive and dynamic banking sector.

Source: New Strait Times November 30, 2017 12:00 UTC