Public Bank profit up, first-half earnings exceed RM2bil for first time


  • Banking
  • Friday, 25 Jul 2014

PETALING JAYA: Public Bank Bhd posted a 3.2% increase in net profit to RM1.06bil for the second quarter ended June 30 from RM1.024bil a year earlier, due to higher net interest and fee-based income, as well as lower loan impairment allowances.

Group revenue rose 6.7% to RM4.06bil during the quarter from RM3.8bil a year ago. Earnings per share was at 30.16 sen compared with 29.23 previously.

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