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Insurer LPI's net profit at RM314m for FY18


“The increase in revenue was mainly contributed by higher premium written by its wholly-owned insurance subsidiary, Lonpac Insurance Bhd (Lonpac),” Teh said.

“The increase in revenue was mainly contributed by higher premium written by its wholly-owned insurance subsidiary, Lonpac Insurance Bhd (Lonpac),” Teh said.

KUALA LUMPUR: LPI Capital Bhd reported a marginal 0.1% increase in its net profit to RM314.05mil in the financial year ended Dec 31, 2018 (FY18) from RM313.80mil in FY17.

Its founder and chairman Tan Sri Teh Hong Piow said on Tuesday FY18 revenue increased by 2.9% to RM1.51bil from RM1.47bil. Profit before tax increased marginally to RM405.96mil from RM403.75mil

Corporate News , Insurance

   

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