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FINANCIAL NEWS
UAE’s Watania profits grow by 111.6 percent
08 Aug 2016
(MENAFN) National Takaful Co.’s (Watania) posted an increase of 111.6 percent year-on-year in its profits for Q2 this year.
Additionally, the firm’s profits reached USD3.32mn in the cited quarter this year, up from USD1.57mn for the same period of 2015.
Meanwhile, the revenues of the Takaful activity registered AED 23mn in the second quarter 2016, up 26.3 percent yearly.
On the other hand, for H1 of this year, the firm posted net profits of AED 30.32mn, up by 70.4 percent from AED 17.79mn for the same period of 2015.
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