PETALING JAYA: RHB Capital Bhd, which is a target of a major corporate exercise, reported a 35.6% increase in net profit to RM556.5mil for the second quarter ended June 30 from RM410.33mil a year ago, mainly due to a higher writeback.
The jump in profit pushed the value of its net asset value (NAV) per share up by 40 sen to RM6.97, which could give shareholders of RHB Cap a bump in valuation in any proposed merger with CIMB Group
Holdings Bhd.
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