RHB Bank posts RM500mil Q1 net profit

PETALING JAYA: RHB Bank Bhd made a net profit of RM500.28mil or 12.50 sen per share for its first quarter ended March 31, down 11% compared to the net profit of RM564.89mil or 16.30 sen per share in the same period a year ago, affected largely by lower total income and higher loan provisions.

Revenue for the period under review was also lower at RM2.62bil compared to RM2.71bil a year ago.