LONDON: British insurance giant Aviva said yesterday that it bounced back into the black in the first half of 2009 as the group boosted profit margins and cut costs amid an uncertain economic climate.
The group said in a results statement that it made a net profit of STG747 million (STG1 = RM5.03) in the six months to the end of June. That compared with a loss after tax of STG84 million in the first half of 2008.
The company also revealed that it planned a partial stock market flotation of its Dutch subsidiary, Delta Lloyd, on Euronext Amsterdam.Total life and pensions new business sales fell 4 per cent to STG17.47 billion, compared with STG18.2 billion last time around.
And the group slashed its interim shareholder dividend by 31 per cent to 9 pence per share."In a challenging economic environment Aviva has returned to profit," Aviva chief executive Andrew Moss said in the earnings release. - AFP
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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