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Dar Al Takaful posts AED 2.1m profit in Q1

Dar Al Takaful posts AED 2.1m profit in Q1
Total takaful income stood at AED 17.22 million in Q1
Dar Al Takaful
DARTAKAFUL
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Dubai – Mubasher: Dar Al Takaful has reported a profit attributable to shareholders for the first quarter of 2019 of AED 2.13 million, compared to AED 3.07 million in the year-ago period.

Total takaful income stood at AED 17.22 million in the January-March period of 2010, compared to AED 23.8 million in Q1-18, the UAE-based insurer said in a statement.

Loss per share (LPS) was AED 0.014 as at end of March, versus AED 0.021 in Q1-18, the company added.

Total underwriting income fell to AED 38.9 million in Q1-19 from AED 52.14 million in the year-ago period.

Total assets amounted to AED 517.33 million in the first three months of 2019, versus AED 464.6 million at the end of December 2018.