Abu Dhabi – Mubasher: Al Sagr National Insurance Co. (ASNIC) reported a net loss of AED 25.3 million ($6.9 million) in the first six months of 2015, against a net profit of AED 84.3 million ($23 million) in the same period of 2014.
ASNIC’s Q2 performance showed a net loss of AED 29.26 million against a net profit of AED 51.24 million in Q2-14.
The insurance firm previously posted an 88% drop in its net profits for Q1-15 to AED 4 million, compared to AED 33 million in Q1-14.
