Syarikat Takaful net profit higher at RM48.5mil in the third quarter

STMB(filepic) told the stock exchange yesterday that while STMAB is currently dormant, its principal activity is to undertake the general takaful business operated by STMB upon completion of the exercise (proposed reorganisation)

PETALING JAYA: Syarikat Takaful Malaysia Bhd (STMB) posted a 8% jump in net profit to RM48.57mil in the third quarter ended Sept 30, from RM44.86mil a year ago, driven by its general takaful business.

In a filing with Bursa Malaysia yesterday, the insurance group said its revenue for the quarter rose 11.5% to RM476.24mil from RM426.97mil previously, generated from family takaful and general takaful business.