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NewsSyarikat Takaful 4Q profit rises 28% y-o-y to RM41m, pays 30 sen dividend
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Syarikat Takaful 4Q profit rises 28% y-o-y to RM41m, pays 30 sen dividend
by Cals Mon 17 Feb 2014, 18:53
| Syarikat Takaful 4Q profit rises 28% y-o-y to RM41m, pays 30 sen dividend |
| Business & Markets 2014 |
| Written by Jeffrey Tan of theedgemalaysia.com |
| Monday, 17 February 2014 18:05 |
KUALA LUMPUR (Feb 17): Syarikat Takaful Malaysia Bhd’s net profit rose 28% year-on-year to RM41 million in the fourth quarter ended December 31, 2013 from RM32 million.
Revenue climbed to RM379 million from RM316 million, according to Syarikat Takaful which offers Islamic insurance.
In a filing to the stock exchange, the firm said the higher profit was due to "higher net wakalah fee income and better investment results".
Syarikat Takaful said the larger revenue was mainly attributable to higher sales generated by family and general takaful.
The firm has proposed a dividend of 30 sen a share for the quarter in review. This brings total dividends for the year to 42 sen.
For the full-year, net profit rose to RM139 million from RM101 million in the previous corresponding period while revenue climbed to RM1.7 billion from RM1.6 billion.
"Takaful Malaysia will continue its value proposition of rewarding its customers with the 15% cash back and establish a strong foothold in the local insurance and takaful arena as the preferred choice for insurance," the firm said.
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