UAE - Alliance Insurance’s net profit down 7% in 9m
Friday, 11 01 2019, Category: Insurance and Reinsurance, Country: U.A.E
Alliance Insurance has reported a 9.15% year-on-year decline in net profit during the third quarter of 2019, recording AED 12.9 million. Earnings per share stood at AED 12.92 in Q3-19, versus AED 14.22 in the year-ago period, the UAE-based insurer said in a statement to the Dubai Financial Market.
Total income reached AED 26.5 million in the three-month period ended September, against AED 27.8 million the year before. In the first nine months of 2019, Alliance’s net profit went down to AED 37.7 million, compared to AED 40.67 million in the comparative period in 2018.