Tune PETALING JAYA: Tune Ins Holdings Bhd’s net profit for the second quarter ended June 30 declined by 12% to RM14.35mil from RM16.31mil a year earlier mainly due to an increase in staff costs and higher provision for the share of Malaysian Motor Insurance Pool (MMIP).
Revenue rose 4.96% to RM101.51mil from RM96.71mil in the previous corresponding quarter supported by an increase of RM4.2mil in gross earned premiums and RM600,000 in investment income.
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