RCE Capital dividend outlook promising after a strong start to FY24

PETALING JAYA: RCE Capital Bhd’s prospects appear stable after a strong start to its financial year ending March 31, 2024 (FY24), confirming a robust dividend outlook.

The management services provider, whose net profit rose to RM36.9mil in the first quarter of FY24 (1Q24) from RM32.2mil in the previous corresponding period, surpassed expectations and set another record, Maybank Investment Bank (Maybank IB) Research said.