RCE earnings up on early settlement income

RCE Capital provides consumer financing and also payroll collection services.

PETALING JAYA: RCE Capital Bhd’s (RCE Cap) net profit for its third quarter ended Dec 31,2020, rose to RM34.76mil from RM30.98mil in the previous corresponding period.

The improved results were mainly led by higher early settlement income and lower allowances for impairment loss on receivables, which was offset by employees’ share scheme expenses incurred.