Kurnia Group
Kurnia Asia turns around with RM57m net profit
BUSINESS TIMES - Friday, August 28th, 2009
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. -- Bernama