Al Wathba generated net profits of AED 55.11 million in 2016 (Photo Credit: Company Website)
AWNIC
AWNIC
AWNIC
Abu Dhabi – Mubasher: Al Wathba National Insurance Co. (AWNIC) trimmed it losses by 94.3% in the fourth quarter of 2016, according to a bourse statement.
Losses reached AED 76,000 ($20,700) in Q4-16, compared to AED 13.45 million ($20,700) in Q4-15.
The company generated net profits of AED 55.11 million in 2016, a rise of 203.6% from AED 18.15 million in 2015.
Source:
Mubasher
