Syarikat Takaful Malaysia (Takaful Malaysia)’s first half of financial year 2012 (1HFY12) annualised core net profit lifted by higher wakalah fees and surplus transfer from its family takaful business.
Its core net profit, which grew 24.3 per cent year-on-year (y-o-y) to RM47.9 million, was boosted by significantly higher wakalah fees (up 117.4 per cent y-o-y) and stronger top-line growth (gross contributions, up 53.4 per cent y-o-y) and had exceeded OSK Research Sdn Bhd’s (OSK Research’s) expectations, accounting for 63.6 per cent of its full-year estimates………………………………………..Full Article: Source