RCE Capital expects to remain profitable for FY25

KUALA LUMPUR: RCE Capital Bhd, which posted a 17.7% drop in its net profit in the first quarter ended June 30, expects to remain profitable for the financial year ending March 31, 2025 (FY25).

“As a responsible shariah-compliant financier, the group prioritises quality financing growth and prudent credit risk management in ensuring its long-term business sustainability.

“The group is committed in enhancing its brand presence through targeted marketing initiatives and sales campaigns. Additionally, ongoing improvements in digitalisation and cybersecurity capabilities are implemented to drive customer experience and operational resilience,” RCE Capital said in the notes accompanying its financial results.

The group posted a net profit of RM30.3mil, down 17.7% from RM36.9mil in the same quarter a year ago. Earnings per share for the quarter fell to 4.14 sen from 5.03 sen previously.

Its revenue for the quarter fell 5.8% to RM79.1mil against RM84mil last year due to lower fee income.