Emirates Insurance's profit increases

ABU DHABI - Emirates Insurance Company has earned a net profit of Dh48.5 million during the second quarter of the year up against Dh40.1 million during the corresponding period representing an increase of 21 per cent.

By A Staff Reporter

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Published: Thu 29 Jul 2004, 9:56 AM

Last updated: Thu 2 Apr 2015, 11:59 AM

"We expect the financial year 2004 as a whole to be another record year in all spheres of the company's operations and that we will be able to, at least maintain our current cash dividend distribution policy of dirham five per share representing 50 per cent of the company's nominal share value", said Abdullah Mazrui, chairman Board of Directors while releasing the financials for the second quarter of the year. The gross premium income of the Company jacked up to Dh185.1 million from Dh140.2 million in the same period last year, marking a rise of 32 per cent.

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