Takaful profits rise in Q1

Abu Dhabi-Mubasher: Abu Dhabi National Takaful Company posted a 51% growth year-on-year in profits for the first three months, according to a bourse filing.

Profits reached AED 18.1 million ($4.93 million) in Q1-16, compared to AED 12 million ($3.27 million) in Q1-15.

For the first quarter this year, the company’s total assets amounted to AED 730 million ($198.74 million), compared to AED 697.1 million ($189.78 million) in the same three months last year.

Total revenues stood at AED 70.09 million ($19.08 million) at the end of March, compared to AED 69.14 million ($18.82 million) at the end of the same month a year ago.

Mubasher Contribution Time: 12-May-2016 08:47 (GMT)
Mubasher Last Update Time: 12-May-2016 09:25 (GMT)