Riyadh – Mubasher: Alinma Tokio Marine posted SAR 1.92 million ($513,000) in the fourth quarter of 2016 against SAR 2.03 million ($534,000) losses in the year-ago period.
The turn into profitability was attributable to a surge in investment income aggregating to SAR 5.5 million, however this is partially offset by increase in deficit from insurance operations amounting to SAR 1.5 million, according to a bourse filing.
The company achieved losses of SAR 17.44 million in the year of 2016 compared to SAR 21.91 million in 2015.
