Takaful Al Emarat Q4-15 profits surge 135.4%

Abu Dhabi-Mubasher: Takaful Al Emarat Insurance Company reported a 135.4% profit jump to AED 8.9 million ($2.42 million) in the fourth quarter of 2015, compared to AED 3.78 million ($1.026 million) in the same quarter of 2014, according to a bourse filing on Thursday.

In the fiscal year 2015, profits grew 42.25% to AED 10.215 million from AED 7.181 million in the fiscal year 2014.

Operating profits increased to AED 42.086 million, compared to AED 13.447 million.

Revenues jumped 216.6% to AED 377.9 million in FY15 from AED 119.304 million in FY14.

Mubasher Contribution Time: 11-Feb-2016 12:22 (GMT)