Tune Protect narrows net loss to RM3mil in 1Q

KUALA LUMPUR: Tune Protect Group Bhd’s net loss narrowed to RM2.97mil in the first quarter ended March 31 (1Q) against a net loss of RM15.45mil a year ago.

Its loss before tax decreased to RM3mil from RM19.8mil a year prior largely attributed to improvements of RM18.9mil in realised and unrealised investment income offset by increase of RM2.3mil in share of loss of an associate in 1Q.