Public Bank 3Q net profit higher at RM1.39b

Teh Hong Piow Nov20 Public Bank

KUALA LUMPUR: Public Bank posted net profit of RM1.39bil in the third quarter ended Sept 30,2020, a slight increase of 2.2% from RM1.36bil a year ago, underpinned by higher income from investments, stock broking, fund management and Islamic banking.

It reported on Friday while its revenue fell by 8.5% to RM5.13bil from RM5.61bil, its pre-tax profit rose by 2.3% to RM1.80bil from RM1.76bil a year ago.