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AXA Green Crescent losses widen in Q2

AXA Green Crescent losses widen in Q2
The company also incurred losses of AED 6.64 million in H1-16 (Photo Credit: Arabianeye-Reuters)
HAYAH
HAYAH
-2.09% 1.87 -0.04

Abu Dhabi-Mubasher: AXA Green Crescent Insurance Company posted an 85.3% increase year-on-year in its losses during the second quarter of 2016, according to a bourse statement.

Losses stood at AED 5.43 million ($1.48 million) in Q2-16, compared to AED 2.93 million ($797,500) in Q2-15.

The company also incurred losses of AED 6.64 million in H1-16, compared to AED 5.09 million in H1-15.