LPI 3Q net profit up 25%
Tags: LPI Capital Bhd | third quarter
Written by Financial Daily
Friday, 09 October 2009 10:50
KUALA LUMPUR: LPI CAPITAL BHD []’s net profit for the third quarter (3Q) ended Sept 30, 2009 jumped 25% to RM32.9 million from RM26.24 million a year earlier due to higher underwriting profit.
Revenue rose 7.8% year-on-year to RM206.63 million from RM191.73 million previously. Earnings per share rose to 23.9 sen from 19.06 sen.
For the cumulative nine-month period, LPI posted a net profit of RM91.12 million on a turnover of RM583.88 million, an annual increase of 27% and 12% respectively. It said this was mainly from higher gross premium underwritten. To-date, it has proposed dividend of 26.25 sen, 4.05 sen higher than the previous corresponding period.
This article appeared in The Edge Financial Daily, October 9, 2009.
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