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04 Nov 2016
The Edge : RCE Capital up 13% on 2Q profit rise
 

RCE Capital up 13% on 2Q profit rise
By Wong Ee Lin / theedgemarkets.com   | November 4, 2016 : 3:35 PM MY 


KUALA LUMPUR (Nov 4): RCE Capital Bhd rose as much as 16 sen or 13% after the financial services entity said second quarter net profit climbed 80% from a year earlier.
 
Yesterday, RCE told Bursa Malaysia that net profit increased to RM18.4 million in the second quarter ended Sept 30, 2016 (2QFY17), from RM10.22 million. Revenue rose to RM56.16 million, from RM39.04 million.

1HFY17 net profit climbed to RM35.93 million, from RM19.65 million a year earlier. Revenue was higher at RM108.1 million, versus RM76.53 million.
 
Today, RCE shares rose to their highest so far at RM1.39. At 2:56 p.m., the stock was traded at RM1.32, with some five million shares done.

RCE was Bursa Malaysia's sixth-largest gainer. At RM1.32, RCE has a market capitalisation of RM437.47 million.