Lippo Life revenue up

JAKARTA (JP): Lippo Life booked a 37 percent increase in its total revenue to Rp 478.4 billion (US$202.7 million) for the first nine months of this year from Rp 349.9 billion for the same period last year.

The publicly-listed life insurance company said early this week that its net revenue for the year was expected to reach Rp 48.8 billion.

Its earnings per share were expected to increase to Rp 127 in 1996 from Rp 104 in 1995, and were projected to increase to Rp 260 for 1997.

Lippo Life has 131 sales offices, including 100 life agencies inside Lippo Bank branches, four financial centers and five corporate centers. The company employs 5,200 staff in 36 cities. (04)