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Affin pre-tax profit slips 18pc.
(From Business Times (Malaysia))
AFFIN Holdings Bhd registered a group pre-tax profit of RM142.02 million for the year ended December 31 2003, down 18 per cent from RM173.35 million in 2002. Revenue was down 3 per cent to RM1.89 billion from RM1.96 billion previously.
Profit after tax declined 10.27 per cent to RM127.49 million from RM142.08 million a year ago.
Earnings per share also fell to 12.86 sen from 15.07 sen in 2002.
Affin Bank Bhd's group pre-tax profit for the year ended December 31 2003 was RM15.1 million, compared to a pre-tax profit of RM31.5 million in the preceding financial year due to lower overhead costs.
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