Thursday, 20 October 2011

Takaful to pay RM9.36mil dividend

KUALA LUMPUR: Syarikat Takaful Malaysia Bhd announced its declaration of interim dividend of 7% which will result in a payout amounting to RM9.36mil for its financial year ending Dec 31, 2011.

The company said in a statement yesterday that dividend payments would be made on Dec 2 to depositors who transfer shares into their securities account before 4pm on Nov 11. “The group recorded operating revenue of RM636.2mil comprising RM532.5mil in gross contribution and RM103.7mil in investment income during the financial period ended June 30, representing an increase of 8.3% over the same period last year of RM587.2mil,” said Takaful Malaysia group managing director Datuk Mohamed Hassan Kamil.

He said the group also attained a favourable profit before zakat and taxation of RM49.9mil, representing a growth of 134% over the same period last year of RM21.3mil.

On the six months financial result, Mohamed Hassan said the gross contribution was mainly attributable to its Family Takaful Group business, motor and fire class of business.

He added that the company’s new distribution channel, the Wakalah or retail agency model launched in March 2010, was the main contributor to its Family Takaful Group business.
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