Wednesday, Mar 20, 2019

Profit for Republic

Profit for Republic
03 Aug

Republic Financial Holdings has recorded US$148.7 million in profit for the nine-month period, ended June 30th 2018.

In commenting on the recently released unaudited group financial highlights, group chairman Ronald Harford said this represented an increase of US$5.2 million or 3.6 per cent over the corresponding period of the last financial year.

The company's total assets stood at US$10.4 billion as at June 30th, 2018.

The chairman said as was the case for the first half of the fiscal year, the improvement in profitability was driven mainly by better performance in its overseas subsidiaries.

Mr. Harford says the group expects to achieve a satisfactory performance to the end of the fiscal year.

He added that they are well positioned to withstand the economic challenges ahead, with a strong balance sheet, robust capital and adequate liquidity.

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