“However, despite the many challenges faced in this prolonged pandemic, the LPI Group has remained resilient and continued to report improved performance for the third quarter of financial year 2021,” said group chairman Tan Sri Teh Hong Piow (pic) in a statement yesterday.
PETALING JAYA: LPI Capital Bhd
’s 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 of a 72.3% jump in investment income to RM32.5mil.
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