KUALA LUMPUR: RHB CAPITAL BHD []'s net profit rose 9.2% to RM382.12 million from RM349.73 million a year ago primarily due to higher net interest income.
It said on Tuesday, May 24 pre-tax profit grew by 8% to RM511.6 million from RM474.2 million. Revenue rose to RM1.65 billion from RM1.39 billion while earnings per share were 17.7 sen versus 16.2 sen.
The group achieved an annualised return on equity of 15.1% and return on assets of 1.2%.
'The improvement in performance was primarily due to higher net interest income, other operating income, income from Islamic Banking business and lower allowance for impairment on loans, financing and other losses, partially offset by higher other operating expenses.
'Net interest income increased by RM51.7 million or 8% to RM681.3 million on the back of a loans growth of 4.3% during the first three months of the financial year,' it said.
It said on Tuesday, May 24 pre-tax profit grew by 8% to RM511.6 million from RM474.2 million. Revenue rose to RM1.65 billion from RM1.39 billion while earnings per share were 17.7 sen versus 16.2 sen.
The group achieved an annualised return on equity of 15.1% and return on assets of 1.2%.
'The improvement in performance was primarily due to higher net interest income, other operating income, income from Islamic Banking business and lower allowance for impairment on loans, financing and other losses, partially offset by higher other operating expenses.
'Net interest income increased by RM51.7 million or 8% to RM681.3 million on the back of a loans growth of 4.3% during the first three months of the financial year,' it said.
No comments:
Post a Comment