Abu Dhabi – Mubasher: Al Fujairah National Insurance Company posted a 40.3% year-on-year growth in its profits during the third quarter of 2016, according to a bourse statement.

Profits reached AED 5.64 million ($1.54 million) in Q3-16, compared to AED 4.02 million ($1.09 million) in Q3-15.

The company generated profits of AED 12.04 million in the first nine months of 2016, compared to AED 8.75 million in the prior-year period.