PETALING JAYA: RCE Capital Bhd
posted a 17.7% drop in its net profit to RM30.3mil or an earnings per share of 4.14 sen in the first quarter ended June 30 (1Q25) due to higher allowances for impairment loss on receivables.
Its revenue for the quarter fell 5.8% to RM79.1mil against RM84mil last year due to lower fee income, despite an increase in profit income in the quarter. The lender expects to remain profitable for the financial year ending March 31, 2025.
“As a responsible syariah-compliant financier, the group prioritises quality financing growth and prudent credit risk management in ensuring its long-term business sustainability.
“The group is committed in enhancing its brand presence through targeted marketing initiatives and sales campaigns.
“Additionally, ongoing improvements in digitalisation and cybersecurity capabilities are implemented to drive customer experience and operational resilience,” RCE Capital said in the notes accompanying its financial results.
