Syarikat Takaful first quarter earnings 37.8% up


?The proposed project, if materialised, could provide Tan Chong Motor with opportunity to expand its foothold in the automotive industry in Vietnam,? the company said in a filing with Bursa Malaysia last Friday

PETALING JAYA: Syarikat Takaful Malaysia Keluarga Bhd’s (STMB) earnings rose 37.8% for the first quarter ended March 31, 2019 (1Q19) on higher net wakalah fee income arising from business growth in its family takaful segment.

During the quarter in review, STMB posted a net profit of RM96.4mil, translating to an earnings per share of 11.7 sen, compared with RM69.98mil, or 8.5 sen per share, in the previous corresponding quarter.

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