Abu Dhabi – Mubasher: Al Fujairah National Insurance Co.’s profits declined 36.10% year-on-year to AED 4 million ($1.08 million) in the second quarter of 2016 from AED 6.26 million ($1.70 million).

The company’s profits grew 35.3% to AED 6.40 million in H1-16 from AED 4.73 million in H1-15, according to a bourse filing on Wednesday.

Net insurance premium revenues reached AED 68.63 million in the six-month period of 2016 compared to AED 66.37 million in the year-ago period.