Al Ahlia Insurance has reported a net profit of BD712,112 for the second quarter as against BD2,155,646 for the same period last year, a fall of 67%.

“The transient decline was due to the reduction in the actual realised gains on sale of investments compared with the same period of last year,” general manager Fadi Al Khatib said in a press release.

The firm's profit from insurance operations for the three-month period stood at BD176,119 as against BD437,339 for the same period of last year due to the increase in the company's extra technical provisions.