LPI Capital Bhd posted a higher pre-tax profit of RM51.09 million for the first quarter ended March 31, 2013, compared
with RM37.82 million in the same quarter of last year. Revenue rose to RM258.47 million from RM246.06 million previously.
In a filing to Bursa Malaysia today, the company attributed the increase in pre-tax profit mainly to the general insurance segment. "The higher revenue also came from the general insurance segment which registered a significant growth of 4.9 per cent to RM241.3 million over the corresponding quarter in 2012," it added.
with RM37.82 million in the same quarter of last year. Revenue rose to RM258.47 million from RM246.06 million previously.
In a filing to Bursa Malaysia today, the company attributed the increase in pre-tax profit mainly to the general insurance segment. "The higher revenue also came from the general insurance segment which registered a significant growth of 4.9 per cent to RM241.3 million over the corresponding quarter in 2012," it added.
On prospects, LPI Capital is confident it will maintain its earnings momentum and continue to report good results for the next quarter of the year.
The Group’s strategy is to continue focusing on organic growth to increase its market share and maintain an overall favourable operating performance. We will focus our growth primarily on our traditional distribution channels of agency and bancassurance, as well as global partnership and broking business.
