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Dubai Insurance nine-month profits rise 16.7%

Dubai Insurance nine-month profits rise 16.7%
Photo Credit: Arabianeye-Reuters
Dubai Insurance
DIN
0.00% 7.45 0.00

Dubai-Mubasher: Dubai Insurance Company reported a rise in profits by 16.7% to AED 28.47 million ($7.75 million) in the first nine months of 2015, compared to AED 24.4 million ($6.64 million) in the same period of 2014, according to a bourse filing on Wednesday.

Meanwhile, profits jumped 99.7% year-on-year to AED 2.38 million in Q3-15 from AED 870,000.

The insurance firm previously reported a rise in profits by 11% for the first half of 2015 to AED 26 million compared to AED 23.5 million in H1-14.