KUALA LUMPUR: TUNE PROTECT GROUP BHD
has posted a lower net profit of RM2.5mil for the first quarter ended March 31,2020 (Q1 2020) compared with RM18.34 mil in the same period last year.
Revenue decreased to RM122.36mil in Q1 from RM126.66 mil in Q1 2019.
In a filing with Bursa Malaysia, the group said the lower profit was a factor of the decrease in travel business, lower underwriting profit, and unrealised investment loss due to weaker performance in the fixed income market.
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