Friday, July 8, 2011

LPI Capital jumps in early trade

KUALA LUMPUR: LPI CAPITAL BHD [] shares jumped in early trade on Friday, July 8 after it declared a first single tier interim dividend of 25 sen per share to be paid on July 28.

At 9.05am, LPI Capital rose 40 sen to RM14.20 with 8,700 shares done.

LPI Capital's net profit for the second quarter ended June 30, 2011 rose 18.83% to RM31.42 million from RM26.44 million a year ago, due mainly to higher gross premium underwritten and higher underwriting profit.

It said on Thursday, July 7 that revenue'' rose 23% to RM213.88 million from RM173.87 million. Earnings per share were 14.26 sen while net assets per share was RM5.21.

For the six months ended June 30, LPI Capital's net profit rose to RM70.04 million from RM64.77 million, on the back of revenue RM427.3 million.

On its outlook for the year, LPI Capital said barring unforeseen circumstances, its prospects for the year should be satisfactory.

No comments:

Post a Comment