Tune Ins Holdings Berhad Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2012; Provides Earnings Guidance for the Year 2013
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.