RCE Capital 1Q earnings hit by NPLs

PETALING JAYA: RCE Capital Bhd posted a 17.7% drop in its net profit to RM30.3mil or an earnings per share of 4.14 sen in the first quarter ended June 30 (1Q25) due to higher allowances for impairment loss on receivables.

Its revenue for the quarter fell 5.8% to RM79.1mil against RM84mil last year due to lower fee income, despite an increase in profit income in the quarter. The lender expects to remain profitable for the financial year ending March 31, 2025.