AMAN turns to losses in Q4

Dubai-Mubasher: Dubai Islamic Insurance and Reinsurance Co. (AMAN) incurred losses of AED 4.2 million in the fourth quarter of 2015, compared to net profits of AED 2.38 million in the same quarter of 2014, according to a bourse filing on Monday.

In the fiscal year 2015, net profits declined 19.3% to AED 1.812 million from AED 2.24 million in the fiscal year 2014.

Total revenues increased 17% to AED 442.765 million in FY15, compared to AED 379 million in FY14.

Mubasher Contribution Time: 15-Feb-2016 15:27 (GMT)