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Emirates Insurance H1 profit jumps 51%

Emirates Insurance H1 profit jumps 51%
EIC
EIC
11.11% 8.00 0.80
In its announcement to the Abu Dhabi Securities Exchange (ADX), Emirates Insurance Co. reported a significant growth in net profit for the first six months of 2014 to AED 89.4 million, compared to 60 million during the same period in 2013, recording a growth leap by 51%.

Results also showed a massive profit growth by 90% during Q2-14 to AED 40.400 million, compared to AED 21.3 million during Q2-13.

Revenue on bank premiums for H1-14 grew to AED 381 million compared to AED 333.2 million in H1-13, registering a 14.3% rise.