Abu Dhabi – Mubasher: Abu Dhabi National Takaful Company (ADNTC) has reported a 19% year-on-year growth in net profit during the second quarter of 2018, registering AED 48.6 million.
Meanwhile, technical profit recorded AED 60 million in Q2-18, up 9% from the year-ago period, according to a bourse statement released on Sunday.
“Despite challenging business environment, our core strategy remains focused on delivering sustainable results with profitable growth,” ADNTC’s chairman Khamis Buharoon Al Shamsi commented.
“Our underwriting profit of AED 36.4 million for the first half of 2018 is an indication of our credibility as the leading takaful operator in the region and our steady excellent financial standing,” ADNTC’s CEO Osama Abdel Raouf Abdeen said.
ADNTC reported a 34% year-on-year growth in the combined net profit (for policyholders and shareholders before Qard Hasan provision) during the first quarter of 2018.