Abu Dhabi – Mubasher: Sharjah Insurance Company turned profitable in the fourth quarter of 2016, according to a bourse filing.
The company generated profits of AED 15.51 million in Q4-16, against losses of AED 15.54 million ($4.23 million) in Q4-15.
In 2016, Sharjah Insurance achieved profits of AED 19.31 million against losses of AED 13.22 million in 2015.
Earnings per share (EPS) rose to 14 fils in 2016, compared to 10 fils in 2015.
