Allianz Malaysia Bhd (AMB) Group concluded 2017 with a 2.5 percent growth in Group’s Gross Written Premium (GWP) which stood at a solid RM4.29 billion as compared to RM4.18 billion from the year before.
Profit Before Tax stood at RM437.3 million in 2017 as compared to RM454.6 million in 2016. The Group’s Total Assets grew 11.3 percent to RM16.59 billion in 2017 as compared to RM14.91 billion in 2016.
PETRONAS LNG Ltd. (PLL), a subsidiary of PETRONAS, signed a Sale and Purchase Agreement (SPA) with H-Energy Mideast DMCC (HEMD) for supply of Liquefied Natural Gas (LNG) to India.
Chief executive officer and managing director of PLL, Ezhar Yazid Jaafar said that the agreement with HEMD marks a milestone for PLL as the first term LNG contract to India.
Malaysia Airports Holdings Bhd (MAHB) recorded a net profit of RM237 million for the financial year of 2017 (FY17) ended on December 2017 compared to RM73 million recorded in 2016.
In a statement, MAHB credits the spike in profit to sustained growth in passenger and aircraft movements continued to impact positively to the group’s earnings.