LPI Capital Bhd posted a 14.3% gain in net profit to RM65.4mil for the first quarter ended March 31, 2016, against RM57.2mil recorded a year ago.
Revenue for the quarter was 9.9% higher to RM320.6mil from RM291.7mil reported in the first quarter of 2015, despite the slowdown in the Malaysian economy and the general insurance industry.
Founder and chairman Tan Sri Teh Hong Piow said in a statement on Thursday that the strong performance was mainly contributed by the better results of its insurance unit, Lonpac Insurance Bhd (Lonpac).
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Revenue for the quarter was 9.9% higher to RM320.6mil from RM291.7mil reported in the first quarter of 2015, despite the slowdown in the Malaysian economy and the general insurance industry.
Founder and chairman Tan Sri Teh Hong Piow said in a statement on Thursday that the strong performance was mainly contributed by the better results of its insurance unit, Lonpac Insurance Bhd (Lonpac).
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