1QFY10 results above expectations... Affin reported 1QFY10 net profit of RM135m (+47.8% yoy; +60.8% qoq), which accounted for 32.9% of our and 31.5% of consensus full-year net profit forecasts respectively. The strong 1Q results vis-à-vis expectations was mainly due to the low allowance for impairment on loans during the quarter.
Affin Holdings Berhad : Getting Off On The Right Foot - 1/6/2010
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