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Takaful Al Emarat generates AED 6.6m profit in Q3

Takaful Al Emarat generates AED 6.6m profit in Q3
The company’s profit surged 528% to AED 9.057 million in 9M
Takaful Emarat
TAKAFUL-EM
-0.90% 0.55 -0.01

Dubai – Mubasher: Takaful Al Emarat Insurance Co on Wednesday reported a 1,320.5% year-on-year surge in its net profits during the third quarter of 2018.

The firm’s net profit attributable to shareholders reached AED 6.66 million by the end of Q3-18, compared to AED 497,160 in Q3-17, according to a statement to the Dubai Financial Market (DFM).

From January to September, Takaful Al Emarat Insurance’s profit surged 528% to AED 9.057 million, against AED 1.44 million in the corresponding period a year earlier.

General and administrative expenses fell to AED 53.59 million in the nine-month period ended September, from AED 62.80 million in the year before period.