Its founder and chairman Tan Sri Teh Hong Piow(filepic) said he expected that this year will remain challenging for the general insurance industry due to the weak market sentiment, underpinned by ongoing market volatilities and rising macro uncertainties.
PETALING JAYA: Insurer LPI Capital Bhd
posted a 3% climb in net profit to RM86.6mil for the fourth quarter ended Dec 31, from RM84mil a year earlier despite a challenging environment.
In a filing with Bursa Malaysia yesterday, the company said its revenue for the quarter rose more than 2.6% to RM399.3mil, compared with RM389mil previously.
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