Dubai – Mubasher: Orient Insurance saw a growth in its profits by 16% year-on-year during the first quarter of 2017, according to a bourse filing.

Profits reached AED 150.02 million ($40.84 million) in the three-month period ended 31 March 2017, compared to AED 129.37 million ($35.21 million) in the prior-year period.

Earnings per share (EPS) reached AED 29.48 in Q1-17, compared to AED 25.34 in Q1-16.