Affin Bank Q4 profit jumps 30%

The proposed purchase price of RM180.54mil or RM11.78 a share cash will enable it to raise the shareholding from 37.07% to 49.95% comprising 59.46 million shares.

PETALING JAYA: Affin Bank Bhd’s net profit rose 30.5% to RM169.54mil for its fourth quarter ended Dec 31, 2017 from RM129.95mil in the previous corresponding period on higher income following the group’s reorganisation.

During the period in review, the second-smallest lender in Malaysia saw its revenue increasing 49% to RM534.70mil from RM358.69mil previously, while its earnings per share (EPS) rose to 9.20 sen from 7.70 sen.