Kurnia Group
Kurnia Asia Returns To The Black
BERNAMA - Thursday, August 27th, 2009
KUALA LUMPUR, Aug 27 (Bernama) -- 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 tough 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.