Abu Dhabi - Mubasher: Dar Al Takaful posted profits of AED 3.7 million ($1.01 million) in the fourth quarter of 2016, against losses of AED 1.92 million ($522,920) in the same period the year before.

Annual profits totalled AED 5.08 million in 2016 versus losses of AED 7.14 million in 2015, according to the company’s statement to the Abu Dhabi Securities Exchange (ADX) on Tuesday.

Operating income increased by 68.08% and totalled AED 32.88 million in 2015 compared to AED 19.65 million in 2015.