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Wafa Insurance narrows accumulated losses to 71.2%

Wafa Insurance narrows accumulated losses to 71.2%
WAFA INSURANCE
8110
-5.75% 9.50 -0.58
Wafa Insurance released administrative, financial statements for the period ending on November 30, 2014.
Net earnings before Zakah reached SAR 2.028 thousand in November.
Net earnings before Zakah during the period from Jan. 1, 2014 until Nov. 30, 2014 amounted to SAR 494 thousand. The EPS reached SAR 0.05.
The accumulated losses until Nov. 30 reached SAR 71.184 million, or 71.184% of capital.

Accordingly, the accumulated losses declined by 2.029% compared with 73.213% during the first ten months of 2014.