PETALING JAYA: LPI Capital Bhd
saw its net profit for its fourth quarter ended Dec 31, 2016 slipping 20% to RM81.45mil, mainly due to the one-off significant gain of RM36.9mil the company made on the disposal of investment in quoted equities during the same period a year ago.
The insurer said in an announcement to Bursa Malaysia that revenue rose in the quarter under review to RM355.55mil from RM338.62mil mainly from contributions from the general insurance business that saw a 4.5% increase to RM352.9mil.
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