Dubai – Mubasher: Oman Insurance Company (OIC) generated profits of AED 112.2 million in the first nine months of 2015, a drop of 28% from AED 156 million in the same period of 2014, according to a bourse filing to Dubai Financial Market (DFM) on Thursday.

Profits declined 18.7% to AED 29 million in Q3-15, compared to AED 35.53 million in Q3-14.

OIC posted a sharp decline in its profits by 30.86% in the first six months of 2015 to AED 83.3 million, compared to AED 120.53 million in H1-14.