Initial annual un-audited results for the year ended 31st March
Pursuant to the Executive Regulations of the Capital Market Law, AAH is pleased to disclose the following initial annual un-audited results for the year ended 31st March, 2018.
| Group |
Parent Company |
|||||||
| 2018 |
2017 |
2018 |
2017 |
|||||
| OMR’000 |
OMR’000 |
OMR’000 |
OMR’000 |
|||||
| Net underwriting results |
- |
2,065 |
- |
- |
||||
| Net investment income |
3,976 |
6,510 |
4,753 |
8,038 |
||||
| Share of profit of associate |
1,361 |
|
1,367 |
|
- |
|
- |
|
| Other income |
17 |
|
390 |
|
17 |
|
7 |
|
| Operating expenses |
(581) |
(2,834) |
(572) |
(933) |
||||
| Finance charges |
(800) |
(691) |
(800) |
(691) |
||||
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
| Profit before tax |
3,973 |
6,807 |
3,398 |
6,421 |
||||
| Income tax |
- |
(107) |
- |
- |
||||
|
|
_______ |
|
_______ |
|
_______ |
|
_______ |
|
| Profit after tax for the year |
3,973 |
6,700 |
3,398 |
6,421 |
||||
| Profit attributable to: |
||||||||
| Equity holders of Parent Company |
3,973 |
6,224 |
3,398 |
6,421 |
||||
| Minority interest |
- |
476 |
- |
- |
||||
| Total |
3,973 |
6,700 |
3,398 |
6,421 |
||||
Please note:
- Comparatives for 2017 are extracts from the audited results.
- During the same period of last year Falcon Insurance Company SAOC (FIC) was a subsidiary and was consolidated. However partial stake in FIC was sold to Arabia Insurance as on 28 March 2017 and therefore the numbers are not entirely comparable.
- The Initial Annual Un–Audited results are based on Financial Information / Estimates available with Management.
- The results are subject to change based on review by Statutory Auditors, Audit Committee, Board of Directors and shareholders and for Director Remuneration approved by Board and AGM, if any.
Best regards,
Sanjay Tiwari
Acting Chief Executive Officer
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