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FINANCIAL NEWS
Bahrain- BKIC posts USD2.4m profit in Q1
10 May 2013
(MENAFN) Bahrain Kuwait Insurance Company CEO, Ebrahim Al Rayes, announced that the company’s first quarter profit declined slightly by 0.3 percent to USD2.4 million, reported Gulf Daily News.
However, Al Rayes added that premium revenue increased 17 percent for the first three months to USD8.2 million, from USD6.8 million a year before.
Income from investments rose 74 percent due to less claims and the sale of company assets.
It is worth noting the BKIC is expected to launch a new delivery and pickup service for clients.
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