DICS
DHOFAR INSURANCE COMPANY (S.A.O.G)
Financial Results
The Board of Directors of Dhofar Insurance Co. S.A.O.G in the a meeting held on Wednesday 14/01/2015 in Salalah Branch has approved the financial statements (Unaudited) for the year ended 31st Dec. 2014 ( from 1/1/2014 to 31/12/2014) in which the following results has been shown : -
| Description |
Dec 2014
|
Dec 2013
|
Change % |
| Gross Premium Written |
64,097,965 |
62,441,504 |
3 |
| Net Underwriting results |
9,341,473 |
7,994,374 |
17 |
| Investment income (net) |
1,606,846 |
2,520,115 |
(36) |
| Other income |
1,740,091 |
1,330,533 |
31 |
| General & administration expenses |
(8,464,515) |
(6,414,214) |
32 |
| Depreciation |
(259,725) |
(188,426) |
38 |
| Operating Profit |
3,964,170 |
5,242,382 |
(24) |
| Finance costs |
(119,599) |
(131,421) |
(9) |
| Profit Before Taxation |
3,844,571 |
5,110,961 |
(25) |
| Income tax expenses |
(535,347) |
(466,048) |
15 |
| ( LOSS ) Profit for the period after tax |
3,309,224 |
4,644,913 |
(29) |
