Affin Bank nets half a billion ringgit profit in 2018

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.

KUALA LUMPUR (Bernama): Financial group conglomerate, Affin Bank Bhd's net profit for the financial year ended Dec 31, 2018 (FY18) rose 20.4% to RM503mil from RM417.8mil in FY17.

Revenue was 23% higher at RM1.92bil versus RM1.56bil previously.