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Public Bank’s 2Q earnings drop 4.5%

Wong Ee Lin
Wong Ee Lin8/16/2019 06:30 AM GMT+08  • 4 min read
Public Bank’s 2Q earnings drop 4.5%
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(Aug 19): Despite reporting a 4.5% decline in net profit for the second quarter ended June 30 (2QFY2019), Public Bank’s earnings remain very much within the consensus estimate.

According to Bloomberg data, Public Bank’s average earnings per share (EPS) estimate for FY2019 is RM1.472.

The country’s second-largest lender based on market value reported EPS of 70.66 sen for 1HFY2019, which translates into 48% of analysts’ full-year consensus on Bloomberg, indicating earnings to be within expectations.

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