Tune Protect Group Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company announced operating revenue was MYR 142,957,000 compared to MYR 130,081,000 for the same period a year ago. Net earned premiums were MYR 73,738,000 compared to MYR 77,109,000 for the same period a year ago. Profit before taxation was MYR 20,245,000 compared to MYR 15,064,000 for the same period a year ago. Net profit for the period was MYR 18,248,000 compared to MYR 13,390,000 for the same period a year ago. Net assets per ordinary share attributable to owners of the parent were MYR 0.69. Net cash generated from operating activities was MYR 21,708,000 compared to MYR 22,733,000 for the same period a year ago. Purchase of property and equipment was MYR 72,000 compared to MYR 256,000 for the same period a year ago. Purchase of intangible assets was MYR 43,000 compared to MYR 252,000 for the same period a year ago. Increase in operating revenue was mainly due to: Increase of MYR 11.4 million in gross earned premiums mainly contributed by the increase in Motor class of general insurance business and increase of MYR 1.5 million in investment income mainly due to dividend income received from unit trust funds. The increase in group's profit before tax was mainly due to decrease in net claims incurred of MYR 5.9 million due to: favorable prior years claims development and closure of time-barred claims on inward treaties in general insurance business; decrease in marketing expenses by MYR 0.7 million and provision for doubtful debts by MYR 2.0 million; offset by decrease in net earned premium of MYR 3.4 million, mainly in Motor class of general insurance business due to higher quota share arrangement.