Sharjah Insurance's profits reached AED 6.7 million ($1.82 million) in Q3-16 (Photo Credit: Arabianeye-Reuters)
SICO
SICO
SICO
Abu Dhabi – Mubasher: Sharjah Insurance Co. turned profitable in the third quarter of 2016, according to a bourse statement.
Profits reached AED 6.7 million ($1.82 million) in Q3-16, against losses of AED 6.9 million ($1.9 million) in Q3-15.
The company generated profits of AED 3.8 million in the first nine months of 2016, a growth of 63.8% from AED 2.32 million in the corresponding period of 2015.
Source:
Mubasher
