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NewsAllianz 1Q profit rises 1% to RM54 mil
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Allianz 1Q profit rises 1% to RM54 mil
by hlk Fri 17 May 2013, 18:37
Politics & Government 2013
Written by Chong Jin Hun of theedgemalaysia.com
Friday, 17 May 2013 18:32
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KUALA LUMPUR (May 17): Allianz Malaysia Bhd reported a 1% rise in
first quarter net profit from a year earlier as the composite insurer
registered higher gross premiums and investment income.
A rise in contract liabilities besides fee and commission expenses,
however, curbed bottom line growth, the firm told the exchange today.
Allianz said net profit came to RM53.72 million in the quarter ended
March 31, 2013 versus RM53.04 million previously. Revenue rose 17%
to RM862.08 million from RM739.49 million.
Looking ahead, Allianz said it plans to grow the distribution reach of its
insurance products and expand its agency force.
The firm said it is optimistic of its growth prospects and ability to "create
long-term sustainable value" for its stakeholders.
Written by Chong Jin Hun of theedgemalaysia.com
Friday, 17 May 2013 18:32
A + / A - / Reset
KUALA LUMPUR (May 17): Allianz Malaysia Bhd reported a 1% rise in
first quarter net profit from a year earlier as the composite insurer
registered higher gross premiums and investment income.
A rise in contract liabilities besides fee and commission expenses,
however, curbed bottom line growth, the firm told the exchange today.
Allianz said net profit came to RM53.72 million in the quarter ended
March 31, 2013 versus RM53.04 million previously. Revenue rose 17%
to RM862.08 million from RM739.49 million.
Looking ahead, Allianz said it plans to grow the distribution reach of its
insurance products and expand its agency force.
The firm said it is optimistic of its growth prospects and ability to "create
long-term sustainable value" for its stakeholders.
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