REPUBLIC HC (08357.HK) ANNOUNCED THAT NET PROFIT AFTER TAX IN THE FIRST QUARTER WAS APPROXIMATELY P$228 MILLION, COMPARED TO RMB9.46 MILLION IN THE SAME PERIOD LAST YEAR, MAINLY DUE TO AN INCREASE IN EMPLOYEE BENEFITS EXPENSES AND OTHER OPERATING EXPENSES.

During the period, revenue was recorded at R$395 million, an increase of 14.6% year-on-year.