Dubai insurance firm profits plunge 63% in Q4-15

Dubai-Mubasher: Dubai National Insurance and Reinsurance (DNIR) reported a 63.4% plummet to AED 1.81 million ($493,000) in the fourth quarter of 2015, compared to AED 4.95 million ($1.35 million) in the same quarter of 2014

The company’s profit grew 14% to AED 40.8 million in the fiscal year 2015, compared to AED 35.77 million in the fiscal year 2014.

 

Mubasher Contribution Time: 01-Feb-2016 11:36 (GMT)