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Emirates Insurance profits grow 4.5% in Q2

Emirates Insurance profits grow 4.5% in Q2
Net profits reached AED 24.34 million ($6.62 million) in Q2-16 (Photo Credit: Arabianeye-Reuters)
EIC
EIC
-4.11% 7.00 -0.30

Abu Dhabi-Mubasher: Emirates Insurance Company (EIC) saw a 4.5% rise year-on-year in its profits during the second quarter of 2016, according to a bourse statement.

Net profits reached AED 24.34 million ($6.62 million) in Q2-16, compared to AED 23.3 million ($6.34 million) in Q2-15.

In H1-16, profits declined 24% to AED 62.8 million compared to AED 82.63 million achieved in H1-15.