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Madinah Takaful FY14 profits plunge 55%

Madinah Takaful FY14 profits plunge 55%
Photo Credit: Arabianeye-Reuters
Al Madina Takaful
AMAT
1.22% 0.08 0.00

 

Al Madinah Takaful has announced its financials for the fiscal year ended December 31, 2014, in its filing to the Muscat Securities Market (MSM), in which it reported a profit plunge by 54.8% to OMR 1.1 million ($2.8 million) against OMR 2.3 million ($6 million) as at the end of December 2013.

The Company had reported a profit of OMR 1.129 million during the first nine months of 2014 against OMR 1.867 million during the corresponding period in 2013.