Public Bank’s 3Q net profit rises 7% to RM1.7 bil
KUALA LUMPUR (Nov 29): Public Bank Bhd’s net profit for the third quarter ended Sept 30, 2023 rose 7% to RM1.70 billion from RM1.59 billion a year earlier, on the back of healthy loans and customer deposits growth.
In a bourse filing on Wednesday, the banking group said revenue for the quarter rose to RM6.48 billion from RM5.50 billion.
Earnings per share rose to 8.76 sen from 8.19 sen.
The banking group did not declare any dividend.
For the cumulative nine months ended Sept 30, Public Bank posted a net profit of RM5.03 billion versus RM4.41 billion a year prior on the back of revenue of RM18.87 billion against RM15.36 billion.
More to come
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