PETALING JAYA: Tune Protect Group Bhd
’s net profit rose 17.64% to RM12.6mil for the second quarter ended June 30 from RM10.7mil in the corresponding period last year.
The company said in a statement that the higher earnings were mainly contributed by its Malaysian general insurance subsidiary, which benefited from a decrease in net claims, management expenses, as well as an increase in unrealised investment gain.
During the quarter in review, Tune Protect’s revenue fell 18.9% to RM100.9mil from RM124.5mil in the previous corresponding period, while its earnings per share rose to 1.68 sen from 1.42 sen previously.
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