KUALA LUMPUR: LPI CAPITAL BHD [] posted net profit of RM36.94 million in the fourth quarter ended Dec 31, 2010, up 5.6% from the RM34.97 million a year ago, boosted by higher gross premium underwritten.
It said on Tuesday, Jan 11 revenue rose 6.6% to RM190.74 million from RM178.88 million while net assets per share were RM5.26 versus RM6.54.
It also declared a second single tier interim dividend of 45 sen per share which will go ex on Jan 24 and entitlement date is Jan 26.
For the current quarter and financial year ended Dec 31, 2010, the revenue increased by 6.6% to RM190.7 million and by 7.7% to RM752.1 million respectively.
"The significant increase was mainly due to higher gross premium underwritten," it said.
LPI said group pre-tax profit increased by 5.6% to RM49.1 million for the current quarter and by 12.4% to RM181.3 million for FY ended Dec 31, 2010.
It said the increase in the current period was mainly due to higher investment income while the increase in the financial year was mainly attributed by higher underwriting profit.
It said on Tuesday, Jan 11 revenue rose 6.6% to RM190.74 million from RM178.88 million while net assets per share were RM5.26 versus RM6.54.
It also declared a second single tier interim dividend of 45 sen per share which will go ex on Jan 24 and entitlement date is Jan 26.
For the current quarter and financial year ended Dec 31, 2010, the revenue increased by 6.6% to RM190.7 million and by 7.7% to RM752.1 million respectively.
"The significant increase was mainly due to higher gross premium underwritten," it said.
LPI said group pre-tax profit increased by 5.6% to RM49.1 million for the current quarter and by 12.4% to RM181.3 million for FY ended Dec 31, 2010.
It said the increase in the current period was mainly due to higher investment income while the increase in the financial year was mainly attributed by higher underwriting profit.
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