Uptick in economic activity a boost for RCE Capital

RCE Capital’s net profit declined to RM32.23mil in the first quarter ended June 30, 2022, from RM35.39mil in the same period a year ago.Revenue fell to RM77.66mil compared with RM78.04mil previously.

PETALING JAYA: RCE Capital Bhd expects a positive momentum in its business going forward, mainly from the increased economic activities and growth prospects.

In a filing with Bursa Malaysia yesterday, the financing company said it will remain vigilant in view of more interest rate hikes anticipated ahead.