Kurnia Asia reported profit
Filed Under (Business News) by Webmaster on 28-08-2009
Tagged Under : Kurnia Asia
Kurnia Asia Bhd has returned to the black, notching a net profit of RM57.05 million for the financial year ended June 30, 2009, against a net loss of RM301.79 million in the year before.
In a statement, its executive chairman, Tan Sri Paduka Kua Sian Kooi, said the substantial improvement was due to the positive and sustained underwriting performance for four consecutive quarters achieved during the financial year.
“It is an exceptional achievement amid such a touch operating environment,” he said.
Kua said the company’s Transformation of Operations and Performance programme has also helped to bring the group’s underwriting results back on track.
Kurnia holds the entire equity interest in Kurnia Insurans (M) Bhd. — Bernama
