Tune Ins Holdings Berhad reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported operating revenue of MYR 90,225,000 compared to MYR 15,721,000 a year ago. Net earned premiums were MYR 55,032,000 compared to MYR 15,040,000 a year ago. Profit before taxation was MYR 26,071,000 compared to MYR 8,460,000 a year ago. Net profit for the period was MYR 20,721,000 compared to MYR 8,460,000 a year ago. Profit attributable to owners of the parent was MYR 18,027,000 compared to MYR 6,683,000 a year ago. Basic earnings per ordinary share were 3.07 sen compared to 4.69 sen a year ago.

For the year, the company reported operating revenue of MYR 226,380,000 compared to MYR 55,870,000 a year ago. Net earned premiums were MYR 158,478,000 compared to MYR 54,430,000 a year ago. Profit before taxation was MYR 58,554,000 compared to MYR 34,195,000 a year ago. Net profit for the period was MYR 48,588,000 compared to MYR 34,175,000 a year ago. Profit attributable to owners of the parent was MYR 41,480,000 compared to MYR 27,255,000 a year ago. Basic earnings per ordinary share were 16.28 sen compared to 67.83 sen a year ago. Net cash generated from operating activities was MYR 30,647,000 compared to MYR 44,096,000 a year ago. Purchase of property and equipment was MYR 669,000 compared to nil a year ago. Purchase of intangibles was MYR 84,000 compared to nil a year ago.

The group is expected to continue to grow profits for the financial year ending December 31, 2013.