ADNIC swings to profits in Q3

Abu Dhabi – Mubasher: Abu Dhabi National Insurance (ADNIC) turned profitable in the third quarter of 2016, according to a bourse statement.

The company generated profits of AED 36.11 million ($9.83 million) in Q3-16, against losses of AED 32.36 million in Q3-15.

Profits reached AED 143.53 million in the first nine months of 2016, against losses of AED 331.11 million incurred in the same period of 2015.

Mubasher Contribution Time: 10-Nov-2016 07:03 (GMT)
Mubasher Last Update Time: 10-Nov-2016 07:03 (GMT)