Public Bank earnings up 13.8%

LPI founder and chairman Tan Sri Teh Hong Piow said the general insurance industry was affected by the slowdown in economic activities.

KUALA LUMPUR: Public Bank Bhd’s net profit jumped 13.8% to RM1.19bil for the third quarter ended Sept 30 from RM1.04bil achieved a year ago while revenue rose 117.7% to RM4.32bil against RM3.87bil previously.

The banking group’s earnings per share for the third quarter rose to 31.88 sen from 29.9 sen in the corresponding period a year earlier.