ALLIANZ .... Sept09

ALLIANZ MALAYSIA's Net Profit for 2QE Jun 2009 surged 67% to RM15.2m from RM9.1m same period a year ago mainly due to the growth in business and decrease in management expenses of the general insurance subsidiary.

In an EXCHANGE filing Aug 24, 2009, the Group's Revenue rose 15% to RM570.9m from RM498.2m in the same quarter last year, while basic EPS jumped to 9.94 sen versus 5.96 sen.

NO DIVIDEND DECLARED
No dividend has been proposed or declared for the quarter under review.

1HE JUN 2009 NET PROFIT HIGHER BY 32%
For 1HE Jun 2009, ALLIANZ's Net Profit climbed 32% to RM35.5m from RM26.8m in the same half last year while Revenue increased to RM1.06 bil from RM897.0m.

The Group's Basic EPS for 1HE Jun 2009 also rose 32% to 23.09 sen as against 17.45 sen previously.

NO BORROWINGS
ALLIANZ said it had no Borrowings and Debt Securities as at Jun, 2009.

PROSPECTS
On its prospects, ALLIANZ said it would take a cautious approach towards capital preservation and to focus more on target segments for growth and profitability, adding that it anticipated the performance for the rest of the year to be satisfactory.