I have 47 lots of RCE, hope today up up up.
Ha ha ha.
Written by The Edge Financial Daily
Wednesday, 10 February 2010 23:02
KUALA LUMPUR: RCE CAPITAL BHD [] posted a net profit of RM20.88 million in its third quarter ended Dec 31, 2009 (3QFY2010), an increase of 14.8% from RM18.19 million a year earlier, due to the improved performance of its loan financing business.
Revenue for the quarter rose 13.5% to RM63.2 million from RM55.7 million previously while basic earnings per share improved to 2.67 sen from 2.56 sen.
In a statement to Bursa Malaysia, RCE, which provides personal loans and consumer-financing services, said its net loan receivables grew by 26.7% to RM1.1 billion in the quarter. It attributed the growth to its continuous efforts in marketing and product development.
For the nine-month period, net profit increased by 21.4% year-on-year to RM58.3 million while revenue rose 20.7% to RM190 million.
"The group is continuously improving its product delivery, expanding its market penetration and identifying new market segments amidst the competitive market," RCE said, adding it remained optimistic of sustaining its market share and further improving its performance in its fourth quarter
