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Dar Takaful reports profit surge in 2014

Dar Takaful reports profit surge in 2014
Photo Credit: Arabianeye-Reuters
WATANIA
WATANIA
1.58% 0.58 0.01

 

Dubai – Mubasher: Dar Takaful announced its financials for the period ended 31 December 2014 in a filing to the Dubai Financial Market (DFM), reporting a net profit leap by 443% to AED 4.56 million ($1.24 million) compared to around AED 840,700 ($29,000) in 2013.

Earnings per share (EPS) grew to AED 0.046 against AED 0.008 in 2013.

Operational revenue reached AED 32.77 million in FY14 against AED 24.5 million the year before.

Financials for the first nine months of 2014 showed a net profit of AED 3.1 million against a loss of AED 2.5 million during the same period in 2013.

Dar Takaful’s capital amounts to AED 100 million divided on 100 million shares at par value AED 1 per share.