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LPI Capital 3Q net profit up 22% to RM105m on higher profit from general insurance segment 

Business & Finance

KUALA LUMPUR (Oct 14): LPI Capital Bhd saw its net profit for the third quarter ended Sept 30, 2021 (3QFY21) rise by 22.29% to RM105.38 million against RM86.18 million in the same period last year due to higher profit contributed by the strong underwriting result of its wholly-owned insurance subsidiary Lonpac Insurance Bhd. 

As a result, earnings per share increased to 26.45 sen from 21.63 sen. 

In a Bursa Malaysia filing on Thursday, the group said its quarterly revenue jumped slightly by 8.13% to RM427.91 million from RM395.76 million a year ago, driven by an increase in its investment income and growth in gross earned premium of 4.9% or RM18.5 million from its general insurance segment. 

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