PETALING JAYA: Insurer Pacific & Orient Bhd
(P&O) has narrowed its loss in the second quarter ended March 31 to RM1.97mil compared with RM8.23mil a year ago, and expects the general insurance business to remain challenging due to intense competitive pressures and the progressive impact of tariff liberalisation.
The company recorded a pre-tax profit of RM2.78mil compared with a pre-tax loss of RM2.86mil in the corresponding period last year.
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