LPI quarterly net profit 8% higher


Founder and group chairman Tan Sri Teh Hong Piow, said the higher growth in revenue was mainly contributed by Lonpac.

PETALING JAYA: LPI Capital Bhd recorded net profit growth of 7.8% year-on-year (y-o-y) to RM70.78mil in the second quarter ended June 30, on the back of improved contributions from the group’s subsidiary Lonpac Insurance Bhd.

Group revenue for the quarter under review rose 9.6% to RM353mil compared with RM386.9mil in the previous corresponding quarter, LPI said in a statement yesterday.

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