NBCC Q4 net profit up 39% at Rs 173.87 crore

While the FY17 revenues were Rs5,857 crore (Rs 6,687 crore), net profit stood at Rs 934 crore (Rs 1,733 crore), according to a company statement here on Satuday. While the revenues were Rs1,434 crore (Rs 1,503 crore), net profit stood at Rs 206 crore (Rs 284 crore), according to a press release here on Saturday. This is as per the company's policy of distributing dividend of around 30% of annual consolidated net profit after tax. TPL reported a loss of 27% in its Q4 net profit and a 4% loss in revenues. TPL, with annual revenues of more than Rs 5,800 crores, is the flagship company of the Rs 18,300 crore Torrent Group.


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Affin Holdings Q1 net profit rises to RM120mil - Business News

This, Affin said, was mainly due to higher other operating income of RM52.2mil net of higher overhead expenses of RM38.6mil. On its investment banking segment, it said its securities and asset management businesses should benefit from the overall improved market sentiments, especially when the economic activity is projected to improve in 2017. In a separate statement, Affin clarified a local news story that said it had already sold a 16-storey building in Shah Alam. Good results mainly due to higher Islamic banking, net interest incomesPETALING JAYA: Affin Holdings Bhd's net profit for its first quarter ended March 31, 2017 rose 4% to RM120.18mil compared with RM115.57mil in the previous corresponding period, mainly due to the increase in other operating income, Islamic banking income and net interest income totalling RM82.7mil. Affin, meanwhile, said it expects the Malaysian life insurance industry to continue to grow at a moderate rate.




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