AFFIN Bank Berhad Third Quarter 2024 Earnings: EPS: RM0.061 (vs RM0.044 in 3Q 2023)

Simply Wall St

November 27, 2024

AFFIN Bank Berhad (KLSE:AFFIN) Third Quarter 2024 Results

Key Financial Results

Revenue: RM667.5m (up 41% from 3Q 2023).
Net income: RM145.8m (up 45% from 3Q 2023).
Profit margin: 22% (in line with 3Q 2023).
EPS: RM0.061 (up from RM0.044 in 3Q 2023).

earnings-and-revenue-growth — KLSE:AFFIN Earnings and Revenue Growth November 27th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

AFFIN Bank Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Banks industry in Malaysia.

Performance of the Malaysian Banks industry.

The company's shares are up 1.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for AFFIN Bank Berhad that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.