Investment

Thursday, July 23, 2009

Bank Rakyat pre-tax profit and zakat rose 27% in Q2

Source: The Star Online

KUALA LUMPUR: Bank Rakyat posted a pre-tax profit and zakat (PBTZ) of RM337.5mil for the second quarter ended June 30, a 27.2% or RM72.2mil increased compared to RM265.3mil in the same corresponding period last year.

Its PBTZ for the first half this year increased 29.6% or RM152.7mil to RM668.5mil from the RM515.7mil in same period last year.

Managing director Datuk Kamaruzaman Che Mat said the increased in profit performance was mainly contributed by the increased in its net income and fee based income.

“Gross income rose by 22.8% to RM1.889bil compared to the previous corresponding period, resulted to the rose of 35.4% of net income to RM1.382bil,” he told a press conference after the financial result briefing today.

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