Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) posted on Sunday a net profit of AED 61.47 million ($16.73 million) for the fourth quarter of the fiscal year 2016, versus AED 3.41 million ($928.120) for Q4-15.
Annual profits amounted to AED 205 million in 2016, compared to AED 334.52 million losses in 2015, according to a bourse filing.
Operating profit reached AED 342.55 million in 2016, versus operating losses worth AED 228.9 million.
