Jan 18 2011
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Aman achieves 32 per cent increase in profits in Q4 2010
The company's net operating profit has grown by 65 per cent in 2010, reaching AED 22 million, compared to AED 13.4 million in 2009. By the end of 2010 the company's income has grown by 23 per cent, to reach AED 611.1 million, compared with AED 495.8 million during the same period in 2009.
The company's equity recorded a 4.7% increase in 2010, reaching AED 175.3 million compared to AED 167.5 million in 2009. The assets of the company also rose to AED 524.8 million during the year ended December 31 2010, an increase of 2.3 per cent, compared with AED 513 million by the end of 2009.
Our aim this year is to consolidate the gains achieved by the company and focus on our core business in the insurance sector, maintaining good profits and safeguarding the rights of shareholders in the midst of challenging economic changes in the markets," he concluded.
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