Thursday, 24 November 2011

Manulife Hldgs Q3 pre-tax profit rises to RM20.4m

Manulife Holdings Bhd's pre-tax profit for the third quarter ended Sept 30, 2011 rose to RM20.4 million from RM16.3 million in the same quarter last year.

Revenue increased to RM159.1 million from RM153.8 million previously, it said in a filing to Bursa Malaysia today.

For the nine months ended Sept 30, 2011 its pre-tax profit increased to RM65.3 million from RM57.5 million in the same period of 2010. Its revenue rose to RM455.2 million from RM22.5 million previously.

Manulife said the higher revenue was mainly due to higher gross premium income from the insurance business and a higher investment income. -- Bernama



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