Malath Cooperative Insurance Co. announces the interim financial results for the period ending on 31-03-2019
| Element List | Current Quarter | Similar quarter for previous year | %Change | Previous Quarter | % Change |
|---|---|---|---|---|---|
| Gross written premiums (GWP) | 380,295 | 372,440 | 2.109 | 75,974 | 400.559 |
| Net written premiums (NWP) | 334,508 | 335,331 | -0.245 | 65,002 | 414.611 |
| Net incurred claims | 126,197 | 90,304 | 39.746 | 114,350 | 10.36 |
| Net profit (loss) of policy holders investment | 3,255 | 1,745 | 86.532 | 3,209 | 1.433 |
| Profit (Loss) Insurance Operations minus policy holders investments from operations | 937 | 7,293 | -87.152 | -15,793 | - |
| Net profit (loss) of shareholders capital investment | 2,988 | 2,181 | 37.001 | 1,928 | 54.979 |
| Net Profit (Loss) before Zakat | 6,573 | 10,021 | -34.407 | -9,709 | - |
| Total Comprehensive Income | 6,889 | 10,163 | -32.214 | -13,287 | - |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||||
| Element List | Current Period | Similar period for previous year | %Change |
|---|---|---|---|
| Total Share Holders Equity (after deducting minority equity) | 458,011 | 459,936 | -0.418 |
| Profit (Loss) per Share | 0.13 | 0.2 | |
| All figures are in (Thousands) Saudi Arabia, Riyals | |||
| Accumulated Losses | Capital | Percentage % | |
|---|---|---|---|
| -44,205 | 500,000 | 8.841 |
| Element List | Explanation |
|---|---|
| Reason for increase (decrease) in net profit for current quarter compared to the same quarter of the previous year | No English translation, kindly refer to the Arabic version |
| Reason for increase (decrease) in net profit for current quarter compared to the previous quarter | No English translation, kindly refer to the Arabic version |
| Type of the external auditor's opinion | Unmodified opinion |
| Additional Information | No English translation, kindly refer to the Arabic version |
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