Republic Financial Holdings Limited announced today profit attributable to its equity holders of $1.15 billion for the nine-months ended June 30th, 2022.
This is an increase of $109.7 million or 10.6% over the $1.04 billion reported in the corresponding period of the last financial year.
In announcing the results, Chairman of RFHL, Vincent Pereira said the performance for this period of 2022 reflects a modest improvement over their core pre-Covid 2019 third quarter performance by $6.3 million or 0.6%.
The Group benefited from the relaxation of Covid-related protocols in their tourism dependent areas where economic activity continues to improve steadily. Rising interest rates on US dollar denominated securities in some of RFHL’s operations and this also positively impacted their financials.