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Al Sagr Insurance turns profitable in Q2-16

Al Sagr Insurance turns profitable in Q2-16
Al Sagr posted AED 34.42 million in H1-16 net profits - (Photo Credit: Arabianeye-Reuters)
Al Sagr
ASNIC
-9.88% 0.66 -0.07

Dubai - Mubasher: Al Sagr National Insurance Company recorded a net profit of AED 16.74 million ($4.56 million) in the second quarter of 2016, against AED 28.74 million ($7.83 million) losses in the same period last year.

The company also posted AED 34.42 million in net profits for the first half of 2016, versus a net loss of AED 4.52 million in the H1-15.