Abu Dhabi - Mubasher: Methaq Takaful Insurance posted profits of AED 7.19 million ($1.96 million) in the fourth quarter of 2016 against losses of AED 4.56 million ($1.24 million) in Q4-15, as per the company’s financial results.

Annual profits totalled AED 3.67 million in 2016 versus losses of AED 3.52 million in 2015, according to the company’s statement to the Abu Dhabi Securities Exchange (ADX) on Tuesday.