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Emirates Insurance logs AED 63.7m profit in Q1

Emirates Insurance logs AED 63.7m profit in Q1
Total income reached AED 96.64 million at the end of March
EIC
EIC
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Abu Dhabi – Mubasher: Emirates Insurance has posted an AED 63.7 million in net profits for the first quarter of 2019, versus AED 45.33 million in Q1-18.

Earnings per share (EPS) stood at AED 0.42 during the January-March period of the year, compared to AED 0.30 in Q1-18, Emirates Insurance said in a statement to the Abu Dhabi Securities Exchange (ADX).

Total income reached AED 96.64 million at the end of March, versus AED 75.44 million in Q1-18.

The company’s segment revenue totaled AED 399.8 million in Q1-19, against AED 356.32 million in the prior-year period.

Total assets amounted to AED 2.8 billion in Q1-19, versus AED 2.63 billion in the same quarter of 2018.