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ASCANA Board to meet Nov 9 on Q3 results

ASCANA Board to meet Nov 9 on Q3 results
Sukoon Takaful
SUKOONTAKAFL
6.92% 1.39 0.09
The Arabian Scandinavian Insurance Company (ASCANA) has announced in its statement to the Dubai Financial Market (DFM) that its Board of Directors will meet on Sunday, November 9, 2014 at 1 pm to tackle the Company’s financials for the third quarter of 2014.
It is worth noting that ASCANA had reported a net loss of AED 3.6 million during the first half of 2014 compared to a net profit of AED 16.3 million. Moreover, net loss for the second quarter of the year reached AED six million against a net profit of AED 9.45 million during the second quarter of 2013.
ASCANA’s capital amounts to AED 154 million divided on 154 million shares at par value AED 1 per share.