Dubai-Mubasher: Takaful Al Emarat Insurance reported a 37.4% decline in its second-quarter profits, according to a bourse statement.
Profits reached AED 2.74 million ($0.746 million) in Q2-16, compared to AED 4.37 million ($1.19 million) in Q2-15.
The company's profits stood at AED 6.04 million in H1-16, a growth of 372.7% from AED 1.28 million in H1-15.
In addition, takaful revenues grew 71% year-on-year to stand AED 29.64 million in H1-16.
