Commerce Asset-Holding Bhd recorded a higher pre-tax profit of RM747.6m for the year ended Dec 31, 2002, compared with RM515.6m in 2001. This was achieved on the back of higher revenue of RM2.83bn for 2002 compared with RM2.75bn previously.
Announcing audited results Wednesday, CAHB director Dr Rozali Mohamed Ali, who is also managing director and chief executive officer of Bumiputra Commerce Bank (BCB), said the BCB Group and CIMB Bhd Group continued to be the largest contributors to CAHB's pre-tax profit for the year under review.
The Bumiputra-Commerce Bank (BCB) Group recorded a 132.5 per cent increase in pre-tax profit for the year ended 2002 at RM497.1m compared with RM213.9m previously.
During the year under review, Bumiputra Commerce Bank contributed 63.3 per cent to the BCB Group's pre-tax profit with RM314.7m while other contributors include Bumiputra-Commerce Finance with RM95.28m and Bumiputra-Commerce Factoring with RM67.9m.
