20% rise in LPI Capital net profit

KUALA LUMPUR: LPI Capital Bhd’s net profit in the first quarter ended March 31, 2014 increased 20% to RM50.6mil from RM42.1mil a year ago, on improved performance by Lonpac Insurance Bhd.

Revenue went up to RM277.79mil in the quarter from RM258.46mil in the same period last year while earnings per share rose to 22.96 sen from 19.11 sen last year, LPI Capital told Bursa Malaysia yesterday.