KUALA LUMPUR: Hit by higher insurance claims due to the normalisation of the economy, LPI Capital Bhd has not been spared the challenges faced by the Malaysian insurance sector.
KUALA LUMPUR, Aug 29 Public Bank Bhd’s net profit for the second quarter ended June 30, 2022 (Q2FY2022) rose to RM1.42 billion from RM1.38 billion posted in the same quarter.
IN 2021, although it was the peak of the Covid-19 pandemic, which caused massive disruptions to the global economy, public-listed companies in which either the government or public funds hold more than 15% equity interest continued to reward their shareholders with generous dividends. Surprisingly, some even paid higher dividends year on year instead of conserving cash during the harsh economic conditions (see tables).