Al Wathba’s profit tumbles to AED 25m in Q3

Abu Dhabi - Mubasher: The profit attributed to equityholders of Al Wathba National Insurance Company declined to AED 25.129 million during the third quarter ended on 30 September 2019 from AED 28.589 million a year earlier, the financial statements showed.

Earnings per share (EPS) came in 0.12 fils in Q3-19, compared to 0.14 fils in Q3-18, a bourse filing on Wednesday revealed. 

During the period from January to September of the year, the profit attributed to equityholders plunged to AED 35.634 million from AED 81.037 million in the same period in 2018, with EPS totalling 0.17 fils in the 2019 period from 0.39 fils.

Moreover, the gross premiums written amounted to AED 51.153 million over Q3-19, while recording 190.491 million in the January-September period in 2019.

Mubasher Contribution Time: 13-Nov-2019 08:51 (GMT)
Mubasher Last Update Time: 13-Nov-2019 10:02 (GMT)