PETALING JAYA: MNRB Holdings Bhd
expects a challenging economic environment locally and globally, as inflationary pressures around the world remain elevated amidst higher energy prices, supply chain shocks and geopolitical risks in the Middle East and Ukraine.
In a filing with Bursa Malaysia, the company said these factors have kept interest rates high.
MNRB registered a higher net profit of RM84.6mil for the third quarter ended Dec 30, 2023, compared to RM57.4mil for the same quarter ended Dec 31, 2022.
The insurance company also recorded a higher revenue of RM980.87mil from RM803.69mil for the quarter under review.
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