RHB Capital Bhd has reported that its pre-tax profit for the third quarter ended Sept 30, 2009 fell 8.69 per cent to RM446.246 million from RM488.732 million in the corresponding quarter last year.
Its revenue dropped 10.11 per cent to RM1.343 billion from RM1.494 billion.
However, the pre-tax profit was 12 per cent higher as compared with the RM400.1 million achieved in the second quarter, it said, attributing this to lower loan loss allowances by RM91.6 million, partially offset by higher other operating expenses by RM43.7 million.
In a statement, RHB Capital said its pre-tax profit for the first nine months of 2009 is RM1.161 billion, marginally higher than the RM1.160 billion recorded in the corresponding period last year, as revenue dropped by around 10 per cent to RM4.035 billion from RM4.505 billion.
The Group’s gross loans, advances and financing increased by RM3.8 billion or six per cent in the nine-month period to reach RM67.0 billion as at Sept 30, 2009, it said.
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