Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (April 19): Syarikat Takaful Malaysia Bhd reported a flattish net profit at RM46.62 million or 5.71 sen a share for its first financial quarter ended March 31, 2016 (1QFY16) from RM46.22 million or 5.67 sen a share a year ago, mainly attributable to lower tax expense during the quarter.

In a filing to Bursa Malaysia today, Syarikat Takaful reported 1QFY16 revenue of RM633.25 million, which was 12.6% higher than its 1QFY15 revenue of RM562.46 million, thanks to higher sales generated by both the Family Takaful and General Takaful businesses.

As for its prospects in 2016, the group said it will continue its value proposition of rewarding its customers with 15% cash back for General Takaful products and establish a strong foothold in the local insurance and takaful arena as the preferred choice for insurance.

"Through its extensive range of products and services, the company continues to be the market leader in the Group Family Takaful business.

"The successful implementation of core initiatives in operational excellence, technology driven capabilities, product innovation and performance oriented culture will enable the company to be ahead of its competitors, increase its overall market shares and continue improving shareholders value," said Syarikat Takaful.

At 5pm, its shares closed three sen or 0.74% higher at RM4.07 for a market capitalisation of RM3.34 billion.

 

      Print
      Text Size
      Share