Takaful Malaysia's net profit slips to RM86.77mil in 1Q

TheStar Wed, May 11, 2022 07:10pm - 1 year View Original


KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd’s (Takaful Malaysia) net profit decreased to RM86.77 million in the first quarter ended March 31, 2022 (Q1FY22) from RM101.14 million in the same quarter last year.

Revenue, however, rose to RM997.39 million from RM915.49 million previously.

In a filing with Bursa Malaysia today, the insurance company said it recorded operating revenue of RM997.4 million for the quarter, up by nine per cent as compared to RM915.5 million in the same period of the preceding year.

"The increase was mainly attributable to higher sales from both family takaful and general takaful businesses,” it said.

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