|COVID–19 NEWS||Owners of premises in buildings allowed to determine protocol on wearing of face mask at their venue - Johor Exco | Italy greenlights Omicron-adapted COVID-19 booster shots | New COVID-19 cases down 16.9 pct last week | Japan to simplify COVID-19 airport quarantine procedures | EMA endorses Omicron-adapted COVID-19 vaccines ||
KUALA LUMPUR, Aug 11 (Bernama) -- RCE Capital Bhd’s net profit declined to RM32.23 million in the first quarter (Q1) ended June 30, 2022, from RM35.39 million in the same period a year ago.
Revenue fell by 0.5 per cent to RM77.66 million compared with RM78.03 million previously.
“Following the gradual easing of various restrictions, the group has experienced positive momentum in its business mainly from the increased economic activities and growth prospects,” it said in a filing with Bursa Malaysia.
Nevertheless, the group said it remained vigilant in view of more Overnight Policy Rate (OPR) hikes anticipated ahead.
“This includes sourcing of competitive financing facilities, maintaining prudence in credit risk management and digital initiatives acceleration to ensure sustainable value creation for all stakeholders,” it said.
Therefore, it expects to remain profitable for the financial year ending March 31, 2023.
At 5 pm, the group’s share price was unchanged at RM1.66, with 295,300 shares changing hands.
Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at www.bernama.com ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9).
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial