Abu Dhabi-Mubasher: Arabian Scandinavian Insurance (ASCANA) posted 12% rise in its net profits for the first quarter of 2015, reaching AED 2.62 million ($713,000) from AED 2.34 million in Q1-14, according to a filing to the Dubai Financial Market (DFM).

ASCANA previously reported a profit drop of 39% to AED 31 million in 2014, compared to AED 50.8 million in 2013.

The company’s capital amounts to AED 154 million, distributed on 154 million shares at AED 1 par value each.