Saturday 7 November 2015

Syarikat Takaful reports better profit for third quarter

Syarikat Takaful Malaysia Bhd's profit before zakat and taxation rose for the third quarter ended Sept 30, 2015 rose by 5.2% to RM44.42mil from RM42.15 mil in the same period last year.

In a filing with Bursa Malaysia yesterday, the group said the increase was due to higher wakalah fee income.

However, its revenue dropped to RM389.24mil from RM394.32mil a year earlier due to lower sales generated by family takaful business .

But this was partially offset by higher sales generated by general takaful segment.

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