Al Dafrah Insurance Company P.S.C. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2018
Al Dafrah Insurance Company P.S.C. reported unaudited earnings results for the first quarter ended March 31, 2018. For the quarter, net premium was AED 28,721,756 against AED 40,104,990 a year ago. Net premium earned was AED 24,928,115 against AED 36,492,239 a year ago. Net underwriting income was AED 23,561,150 against AED 7,955,924 a year ago. Profit for the period was AED 16,201,022 or AED 0.16 per basic and diluted share against AED 8,899,673 or AED 0.09 per basic and diluted share a year ago. Net cash used in operating activities was AED 17,006,511 against net cash generated by operating activities of AED 12,944,717 a year ago. Payment for property and equipment was AED 26,049 against AED 39,650 a year ago. Payment for intangible assets was AED 13,400 against AED 45,241 a year ago.