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FINANCIAL NEWS
Abu Dhabi Takaful posts 12pct increase in Q1 revenue
02 Jun 2017
(MENAFN) Abu Dhabi National Takaful Co. has recorded a net profit of USD5.4mn for the first quarter of the year, an increase of 12 percent over the net profit of Dh18.1mn for Q1 last year.
The firm”s Q1 2017 underwriting revenue reached Dh17mn, showing an increase of 10 percent as compared to the underwriting profit of Dh15.4mn.
Moreover, it also achieved a technical profit of Dh27mn, showing an increase of 10 percent compared to the technical profit of Dh24.6mn.
Accordingly, the results of the cited period of the year show a very positive start and a strong indication to the uptrend it aims to keep amid this year.
MENAFN0206201700450000ID1095529045
MENAFN0206201700450000ID1095529045
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