RCE Group has reported a 46 percent increase in its pre-tax profit to RM25.0 million for the first quarter ended June 30 from RM17.1 million in last year's corresponding quarter. Its revenue in the first quarter was RM67.0 million, representing an increase of 16 percent from the preceding quarter and 42 percent from last year's corresponding quarter.This was in tandem with the growth in net loan receivables, it said in a statement today.
"Net loan receivables have exceeded RM1.0 billion, growing 33 percent from the previous year's corresponding quarter, attributed to the group's marketing and product development efforts to achieve greater market penetration," it said. RCE is involved in the provision of personal loans and consumer-financing services to public and private sector employees, factoring and investment in a real-estate trust.
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