“We expect the volatilities to persist in the next few months but we believe the markets will ultimately reflect the fundamentals of the investments when everything stabilises, ” said LPI group founder and chairman Tan Sri Teh Hong Piow (pic)
PETALING JAYA: General insurer and financier LPI Capital Bhd
’s net profit for the first quarter to March 31, has increased marginally to RM77.92mil from RM77.16mil in the same period of the previous year.
The increase in profits was due to fair value losses in its investments.
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