Mubasher: Al Ahlia Insurance Co suffered losses of about BHD 419,780 ($1.11 million) in the fourth quarter of 2016 against profits of nearly BHD 37,190 ($97,910) in the same period of 2015.

During fiscal year 2016, net profits of BHD 31,810 were achieved versus losses of approximately BHD 622,700 in the previous fiscal year, according to a bourse filing issued on Wednesday.

The board members recommended zero dividends for FY16.