NGI profits plummet 73% in 9M

Dubai-Mubasher: National General Insurance (NGI) reported a 73% profit plunge to AED 22.4 million in the first nine months of 2015, compared to AED 83 million in the same period of 2014, according to a bourse filing.

Profits decreased to AED 5.8 million in Q3-15 from AED 42.7 million in Q3-14.

In the first half of 2015, profits dropped 58.7% to AED 16.6 million from AED 40.2 million in H1-14.

Mubasher Contribution Time: 25-Oct-2015 12:11 (GMT)