In its statement to the Abu Dhabi Securities Exchange (ADX), Al Fujairah National Insurance Company announced its financial results for the first half of 2014, during which net profit plummeted by nearly 69% to f AED 3.9 million compared to AED 12.6 million during H1-13.

The Company achieved a net loss during Q2-14 amounting to AED one million, compared to a net profit of nearly AED five million during Q2-13.

Earnings per share (EPS) during H1-14 fell to AED 3.9 compared to AED 12.58 in H1-13, while Q2-14 share losses reached AED 1.08 compared to share profits of AED 4.94 during Q2-13.