May 1, 2012
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FamGuard targets improved profits 'through 2012' after 54% Q1 rise
FAMGUARD Corporation's 54.4 per cent net income increase for the 2012 first quarter "came close to expectations", its chief executive yesterday expressing optimism that its alliance with a major international 'third party' healthcare provider would further help reduce claims.
FamGuard profits 'over $6m' if not for Prime hit
FAMGUARD Corporation yesterday told Tribune Business it would probably have generated "in excess of $6 million" in net income for 2011 had it not been for the Prime rate cut, disclosing that it suffered "close to a $1.3 million hit" through the impact on its reserves and investment income.
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