Arab Union Insurance turns to losses in 9M

Mubasher: Jordan’s Arab Union International Insurance Company posted a net loss of JOD 136,900 in the first nine months of 2015, versus a net profit of JOD 357,500 in the same period last year, according to the company’s financial statements.

Accumulated losses reached near JOD 4.76 million in the January-September period this year, 59% of the company’s capital.

The Amman listed company earlier reported a net loss of JOD 20,830 in H1-15, compared to a profit of JOD 195,400 in the same period last year.

Mubasher Contribution Time: 13-Dec-2015 11:08 (GMT)