Syarikat Takaful Malaysia rises 5.42% on firmer 1Q earnings

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KUALA LUMPUR (April 26): Shares in Syarikat Takaful Malaysia Keluarga Bhd rose 5.42% after its net profit grew by 37.82% to RM96.44 million year-on-year in the first quarter ended March 31, 2019 on higher net Wakalah fee income arising from business growth in its family takaful segment.

At 9.10am, Syarikat Takaful rose 31 sen to RM6.03 with 241,700 shares traded.

Revenue in the quarter rose 23.05% to RM918.16 million, mainly attributable to higher sales generated by the family takaful segment.