Bursa Alert
Global Market
NewsTune Insurance posts higher profits for 4Q, 2013
Page 1 of 1
Tune Insurance posts higher profits for 4Q, 2013
by Cals Tue 25 Feb 2014, 01:42
| Tune Insurance posts higher profits for 4Q, 2013 |
| Business & Markets 2014 |
| Written by Ho Wah Foon of theedgemalaysia.com |
| Monday, 24 February 2014 19:05 |
KUALA LUMPUR (Feb 24): Tune Ins Holdings Bhd (TIH) reported net profit of RM21.6 million for the fourth quarter to December 2013, up from RM18.1 million in similar quarter a year ago.
Revenue rose to RM107.4 million, from RM90.5 million.
TIH’s unaudited full-year net profit also increased to RM68.6 million, from RM41.4 million, “due primarily to an increase in operating revenue of 71.9% to RM 389.6 million”, said the company in a press release.
The continued good performance of online business as well as its Malaysian general insurance company had boosted the results, said CEO Peter Miller.
On outlook, Miller said: “We are confident we will see continued growth in our profits this year.”
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Tune Ins’ ventures are now fully contributing to profits
» CIMB Niaga posts net profits of US$181m
» TA Enterprise posts lower Q1 profits (4898)
» AirAsia likely to equity account associates’ profits in 2013
» Sumatec sees higher profits from Borneo Energy Oil acquisition
» CIMB Niaga posts net profits of US$181m
» TA Enterprise posts lower Q1 profits (4898)
» AirAsia likely to equity account associates’ profits in 2013
» Sumatec sees higher profits from Borneo Energy Oil acquisition
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum