Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (Jan 27): Syarikat Takaful Malaysia Bhd's (Syarikat Takaful) net profit for the fourth quarter ended Dec 31, 2015 (4QFY15) rose 22.3% year-on-year (y-o-y) to RM36.38 million from RM29.75 million, on higher wakalah fee income.

Its revenue inched up 0.46% y-o-y to RM403.34 million for the quarter from RM401.49 million, on higher sales in the Family Takaful and General Takaful business, and higher net investment income.

No dividend was declared for the current quarter under review. It paid a 40 sen dividend last year, its bourse filing today showed.

For the full FY15, Syarikat Takaful's net profit climbed 11% y-o-y to RM155.98 million from RM140.52 million, also on higher wakalah fee income, while revenue came in 8.5% higher y-o-y at RM1.79 billion from RM1.65 billion.

Moving forward, Syarikat Takaful will continue its value proposition of rewarding customers with a 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," it added.

Shares in Syarikat Takaful closed down four sen or 1.05% at RM3.76, for a market capitalisation of RM3.07 billion.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

 

      Print
      Text Size
      Share