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FINANCIAL NEWS
BKIC’s net profit hits USD1.6m in Q1
10 May 2015
(MENAFN) Bahrain Kuwait Insurance Company (BKIC) says its first quarter net profit reached USD1.6 million, compared to USD5 million for the same period last year, Gulf Daily News reported.
The Company’s last year profits, which amounted to USD5 million, being non-recurring and one time gain on sale of investment property, BKIC’s Chairman said.
However, BKIC’s Technical profits for the current year reached USD926.730 thousand, compared to USD1.5 million for the corresponding period last year.
The reduction in technical profits caused by several factors, the increase in loss ratio, in fire and general accident department, was the most important.
More News
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BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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