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Emirates Insurance turns profitable in Q3

Emirates Insurance turns profitable in Q3
Profits reached AED 66 million in 9 months - (Photo Credit: Arabianeye-Reuters)
EIC
EIC
8.96% 7.30 0.60

Abu Dhabi - Mubasher: Emirates Insurance Company (EIC) reported profits of AED 3.4 million ($925,110) in the third quarter of 2016 against losses of AED 6.53 million ($1.78 million) in the same quarter last year.

Meanwhile, profits increased by 13.01% in the first nine months of the year to AED 66.2 million compared to AED 76.1 million in the same period last year, as shown by the company’s financial results, EIC said in a bourse filing on Monday.