KUALA LUMPUR: RCE Capital Bhd’s net profit in the first-quarter (Q1) ended June 30, 2017 rose 19.40 per cent to RM20.93 million from RM17.53 million in the same period last year, contributed by higher interest income from the consumer financing segment’s expanded loan base with a year-on-year growth of 9.6 per cent.
In an exchange filing today, the fund manager company’s revenue increased 9.93 per cent in Q1 to RM57.10 million from RM51.94 million on the back of higher net interest income from the consumer financing segment as well as relatively stable loan impairment.
Moving forward, the company continues to focus on streamlining its operational, channel management and risk management infrastructure.
Prudent credit criteria and collection systems are further refined to maintain quality receivables portfolio.
Meanwhile, it noted the technological enhancement and process simplification initiatives to elevate operational efficiencies.