LPI Capital records higher 3Q net profit of RM105.38mil

KUALA LUMPUR: LPI Capital Bhd's net earnings of RM105.38mil in the third quarter ended Sept 30 was 22.29% higher than RM86.18mil in the previous corresponding quarter, underpinned by a strong underwriting result from its insurance unit and higher dividends from investments.

For the quarter under review, revenue increased 8.1% to RM427.9mil from RM395.8mil on the back on of a 72.3% jump in investment income to RM32.5mil.