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Middle East Insurance 9M profits fall 39%

Middle East Insurance 9M profits fall 39%
Photo credit: Arabianeye - Reuters
Middle East Insurance
MEIN
-2.61% 1.12 -0.03

Mubasher: Jordan’s Middle East Insurance posted on Sunday a 39.19% fall in the nine month profit to JOD 1.3 million in 2015, down from JOD 2.14 million in the same period of 2014.

The company’s financial statements attributed the nine-month retreat to a drop in net profit from financial assets and investments to JOD 995,370, versus JOD 2.13 million in the same period last year.

The Amman listed company earlier reported a 39.06% fall in H1-15 net profit to JOD 1.54 million.