|28 July, 2019

Dubai Insurance posts H1 consolidated interim financial results

Total comprehensive income grew to AED 53.98 million in H1

Dubai – Mubasher:Dubai Insurance Co, listed on the Dubai Financial Market (DFM), has posted a consolidated interim profit of AED 43.4 million for the first half of 2019, versus AED 29.05 million in H1-18.

Total comprehensive income grew to AED 53.98 million during the six-month period ended 30 June 2019, versus AED 32.49 million in H1-18, the company added in its condensed interim financial statement.

Basic and diluted earnings per share stood at AED 0.434 in H1-19, compared to AED 0.291 in the year-ago period.

Moreover, total assets amounted to AED 1.6 billion at the end of June 2019, versus AED 1.32 billion as at 31 December 2018, Dubai Insurance noted.

In the second quarter of 2019, consolidated interim profits increased slightly to AED 18.99 million from AED 18.64 million in Q2-18.

The company’s total comprehensive income for Q2-19 was AED 25.52 million, compared to AED 4.83 million in the same quarter of 2018.

It is worth noting that Dubai Insurance previously posted a 34.7% year-on-year growth in profits for the full-year 2018, recording AED 50.51 million.

Source: Mubasher

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