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Aman’s profit soars 550% YoY in 2019

Aman’s profit soars 550% YoY in 2019
Revenue dropped to AED 249.52 million
Aman
AMAN
2.64% 0.43 0.01

Dubai – Mubasher: Dubai Islamic Insurance and Reinsurance Company (Aman) has reported a 550% year-on-year surge in profit during the fiscal year 2019.

The company’s profit rose to AED 9.62 million last year, compared to AED 1.48 million in 2018, according to a bourse statement released on Thursday.

On the other hand, revenue dropped to AED 249.52 million in 2019, from AED 375.82 million a year earlier.

It is worth noting that Aman posted a profit attributed to shareholders worth AED 1.260 million over the third quarter ended 30 September 2019, up from AED 1.180 million in the same period of the previous year.