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Dhafra Insurance profit grows 31% in 9M

Dhafra Insurance profit grows 31% in 9M
Al Dhafra
DHAFRA
-8.12% 4.41 -0.39
Al Dhafra Insurance announced in its statement to the Abu Dhabi Securities Exchange (ADX) that it achieved a net profit of AED 58.45 million during the first nine months of 2014 compared to AED 12.17 million during the same period in 2013, an increase by 30.7%.
Moreover, net profit for third quarter of the year leaped by 540% to AED 14 million against AED 2.2 million during Q3-13.
Growing profit for the first nine months was supported by growing net insurance revenue to AED 52 million compared to AED 45.3 million during the same period last year.
Dhafra Insurance’s net profit for the first half of 2014 reached AED 44.33 million against AED 42.5 million.