Directors - Boustead Holdings Berhad

Financial Highlights
1,500
1,200
900
600
300
0
6m
6m
Revenue Operating Profit Total Assets
Employed
2006 2005
The key contributor to the Division, Affin Holdings
Berhad, closed the year with a pre-tax profit of
RM314 million on the back of a turnover of RM1.95
billion. This was due to the positive contribution from
Affin Bank, which recorded a pre-tax profit of RM272
million.
Affin Bank made significant progress in loan
recovery and is on track to reduce its nonperforming
loans further thanks to its “Second
Chance” programme launched in August 2006. In
addition, the bank marked a significant milestone in
its thrust into the Islamic finance sector with the
start of operations of its subsidiary, Affin Islamic
Bank. Offering a complete range of Islamic banking
products and services encompassing the areas of
enterprise and consumer banking, Affin Islamic
Bank successfully opened its first branch in
Petaling Jaya, Selangor.
9m
52m
1,229m
1,173m
145
154
Employees
Affin Investment Bank recorded a higher
pre-tax profit of RM81 million due to higher noninterest
income of RM49 million, largely from the
unrealised gains on held-for-trading securities.
Affin Discount recorded a pre-tax loss of RM18
million from impairment of assets as it surrendered
its discount house licence to Bank Negara Malaysia
and transferred all assets and liabilities to Affin
Investment Bank.
Affin Fund Management reported a higher pre-tax
profit of RM3.4 million as compared to a profit of
RM216,000 last year. This was mainly due to an
increase of sales of unit trust and higher
management fees.
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