KUALA LUMPUR: RHB CAPITAL BHD []'s third quarter earnings increased 4.9% to 351.35 million from RM334.81 million a year ago, underpinned by higher net interest income and lower impairment losses.
The banking group said on Monday, Nov 29 revenue was 20.7% higher at RM1.6 billion versus RM1.34 billion a year ago. Earnings per share were 16.3 sen versus 15.5 sen.
When compared with the third quarter ended June 30, pre-tax profit was just 1% higher at RM453.2 million compared with RM447.9 million.
Underpinning the improvement was higher net interest income by RM107.1 million, lower impairment losses on other assets by RM22.4 million and higher income from Islamic banking business by RM6.9 million.
These were partly offset lower other operating income by RM13.2 million, higher other operating expenses by RM36.2 million and higher allowance for impairment on loans, advances and financing by RM81.9 million.
The banking group said on Monday, Nov 29 revenue was 20.7% higher at RM1.6 billion versus RM1.34 billion a year ago. Earnings per share were 16.3 sen versus 15.5 sen.
When compared with the third quarter ended June 30, pre-tax profit was just 1% higher at RM453.2 million compared with RM447.9 million.
Underpinning the improvement was higher net interest income by RM107.1 million, lower impairment losses on other assets by RM22.4 million and higher income from Islamic banking business by RM6.9 million.
These were partly offset lower other operating income by RM13.2 million, higher other operating expenses by RM36.2 million and higher allowance for impairment on loans, advances and financing by RM81.9 million.
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