Syarikat Takaful Malaysia Keluarga Berhad (KLSE:TAKAFUL) First Quarter 2023 Results

Key Financial Results

• Revenue: RM112.6m (down 84% from 1Q 2022).

• Net income: RM93.4m (up 7.7% from 1Q 2022).

• Profit margin: 83% (up from 12% in 1Q 2022). The increase in margin was driven by lower expenses.

• EPS: RM0.11 (up from RM0.10 in 1Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Syarikat Takaful Malaysia Keluarga Berhad Earnings Insights

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 2.1% decline forecast for the Insurance industry in Malaysia.

Performance of the Malaysian Insurance industry.

The company's shares are up 1.9% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Syarikat Takaful Malaysia Keluarga Berhad that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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