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Orient insurance posts Q2 consolidated interim financial results

Orient insurance posts Q2 consolidated interim financial results
Total income reached AED 169.85 million in Q2
Orient Insurance
ORIENT
0.00% 1.87 0.00

Dubai - Mubasher: Orient Insurance Co, listed on the Dubai Financial Market (DFM), reported a total consolidated interim profit of AED 104.28 million for the second quarter of 2019, versus AED 90.42 million in Q2-19.

Total income reached AED 169.85 million during the April-June period of 2019, compared to AED 156.71 million in Q2-18, according to a statement to the DFM. 

Moreover, basic and diluted earnings per share attributable to equity holders of the company stood at AED 19.91 in Q2-19, versus AED 17.76 in the prior-year period.

In the first half of 2019, the company logged a total profit of AED 270.29 million, compared to AED 244.01 million in H1-18.

Total income stood at AED 402.01 million during the six-month period ended 30 June 2019, versus AED 377.24 million in the year-ago period.

Total assets amounted to AED 7.804 billion as at 30 June 2019, compared to AED 7.082 billion as at 31 December 2018.

Orient Insurance previously reported an 8% year-on-year growth in profits for Q1-19, registering AED 166.01 million, versus AED 153.6 million.

The company’s total income grew to AED 232.16 million in the three-month period ended 31 March 2019 from AED 220.531 million in Q1-18