By BERNAMA
Affin Holdings Bhd’s shares declined sharply today following yesterday’s announcement of a decline in profit for its first quarter.
As at 12.12 pm, Affin’s share lost 14 sen to RM4.37 with 1.51 million shares transacted and was one of the major losers.
Affin Holdings Bhd registered a lower pre-tax profit of RM203.5 million for the first quarter ended March 31, 2013, against the RM213.9 million reported during the same quarter last year.
The banking institution said the lower profit was mainly due to a lower contribution of RM500,000 from its associates compared with RM19.6 million in the first quarter of last year.
– BERNAMA
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