KUALA LUMPUR (May 4): LPI Capital Bhd's net profit for the first quarter ended March 31, 2020 (1QFY20) rose slightly to RM77.92 million, from RM77.16 million, on the back of profit from the general insurance segment.
In a separate statement, LPI founder and chairman Tan Sri Dr Teh Hong Piow said for 1QFY20, the group suffered a fair value loss of RM8 million in the statement of profit or loss mainly due to investments in unit trust funds, quoted equities and corporate bonds.
Is above means that the company earning is increase however there is reduction in profit due to investment failure lost of RM8m? I am new and beginner
I am beginner and need understanding please, need help
2020-05-04 20:25 | Report Abuse
KUALA LUMPUR (May 4): LPI Capital Bhd's net profit for the first quarter ended March 31, 2020 (1QFY20) rose slightly to RM77.92 million, from RM77.16 million, on the back of profit from the general insurance segment.
In a separate statement, LPI founder and chairman Tan Sri Dr Teh Hong Piow said for 1QFY20, the group suffered a fair value loss of RM8 million in the statement of profit or loss mainly due to investments in unit trust funds, quoted equities and corporate bonds.
Is above means that the company earning is increase however there is reduction in profit due to investment failure lost of RM8m? I am new and beginner