Friday, April 20, 2007

RCBC net profit at P828M

RCBC Q1 net profit up 158% at P828M

MANILA, Philippines -- Rizal Commercial Banking Corp's (RCBC's) net profit in the first quarter was P828 million, 158 percent more than the P321 million it made a year earlier, rising because of higher interest income, the bank said.

At about 3billion a year income (projection), RCB is currently at 9 x PE.  BUY RCB.  Now.  Priced at 28 yesterday.

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