CORPORATE

Allianz Malaysia earns RM 3.4 billion in GWP in nine months

 |  Friday, 23 November 2018 15:19  |  Published in CORPORATE

Allianz Malaysia Berhad Group (Allianz Malaysia), which announced its results for the first nine months of 2018, recorded a total of RM3.41 billion in the Group’s Gross Written Premiums (GWP) from January to September this year as compared to RM3.24 billion last year; a 5.2 percent increase.

The Group’s Total Assets grew 7.2 percent to RM17.50 billion in the first nine months of 2018 as compared to RM16.33 billion last year. Profit Before Tax stood at RM391.1 million from January to September this year as compared to RM310.9 million in the same corresponding period of 2017.

AMWAY Malaysia Q3 FY18 Revenue Gains Positive Traction

 |  Friday, 16 November 2018 10:39  |  Published in CORPORATE

Bursa Malaysia Main Market-listed Amway (Malaysia) Holdings Berhad announced its Q3FY18 revenue at RM260.2 million, representing 6.8 per cent growth vs. Q3FY17; and profit before tax at RM21.5 million, an increase of 10.5 per cent vs. Q3FY17.

This reflects the impacts from the Malaysian Financial Reporting Standard 15 (MFRS15), Revenue from Contracts with Customers, adopted with effect from 1 January, the Group adopted MFRS15 using the modified retrospective method where comparative figures were not restated.

KLCCP Stapled Group Sustains Growth With 2.6% Revenue Increase in Third Quarter 2018

 |  Wednesday, 14 November 2018 15:47  |  Published in CORPORATE

KLCCP Stapled Group recorded a stronger performance in the third quarter ended 30 September 2018, registering its best performance for the year thus far. Despite the challenges in the market, YTD Revenue rose 2.5% underpinned by the higher contribution from the retail and hotel segments whilst Profit Before Tax (PBT) increased 1.2%.

In the quarter ended 30 September 2018, KLCCP Stapled Group recorded positive revenue growth of 2.6% year-on-year (y-o-y) compared to the corresponding quarter in the preceding year with a marginal PBT increase to RM234.5 million, partially offset by higher operating expenses.


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