MALAYSIA'S third-largest lender Public Bank reported today a net profit of RM619.939 million (US$174 million) for the second quarter, up 2.1 per cent and said it expects performance for the rest of the year to remain satisfactory.
Public Bank is the first Malaysian bank to report its April-June financial results. Top lender Maybank and second-ranked CIMB Bank are scheduled to release their quarterly earnings in August.
Net profit in the first half was RM1.2 billion
MALAYSIA'S stock market owner Bursa Malaysia saw its second quarter net profit rise 22.3 per cent to RM35.02 million (US$9.83 million) from RM28.64 million a year ago.
The company said in a statement today that revenues rose to RM94.58 million from Rm85.67 million.
For the first half of the year, net profit was RM50.52 million, down from RM70.71 million.
It is to pay a dividend of 10.1 sen per share for the second quarter, down from 16.50 sen a year ago
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