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Wethaq Insurance FY18 profits decline 4%

Wethaq Insurance FY18 profits decline 4%
Earnings shrank to about KWD 86,400
WETHAQ
WETHAQ
0.48% 42.00 0.20

Mubasher: Wethaq Takaful Insurance posted a decrease of 3.98% in profits during fiscal year 2018 compared to the prior year, according to a bourse disclosure on Thursday. 

Earnings shrank to about KWD 86,400 ($1,000) in FY18 compared to KWD 90,000 a year ago. 

Operating revenues grew by 15.9% to KWD 5 million in FY18 from KWD 4.32 million in 2017.