MNRB Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019
For the six months, the company announced net earned premiums/contributions were MYR 821,056,000 compared to MYR 983,230,000 for the same period a year ago. Operating profit before surplus attributable to takaful participants, zakat and taxation was MYR 66,097,000 compared to MYR 119,778,000 for the same period a year ago. Operating profit before zakat and taxation was MYR 66,977,000 compared to MYR 94,410,000 for the same period a year ago. Net profit for the period was MYR 47,976,000 compared to MYR 71,158,000 for the same period a year ago. Basic earnings per share attributable to equity holders of the company were 15 sen compared to 22.3 sen for the same period a year ago. Revenue was MYR 1,106,124,000 compared to MYR 1,261,906,000 a year ago.
Barring any unforeseen circumstances, the Group is expected to achieve satisfactory results for the current financial year ending 31 March 2019.