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Takaful Q3 profits grow 23%

Takaful Q3 profits grow 23%
Takaful generated net profits of AED 45.04 million in the first nine months of 2016 (Photo Credit: Company Website)
Takaful
TKFL
-1.07% 5.54 -0.06

Abu Dhabi – Mubasher: Abu Dhabi National Takaful Co. posted a 23% year-on-year rise in its profits during the third quarter of 2016, according to a bourse statement.

Profits reached AED 14.725 million ($4 million) in Q3-16, compared to AED 11.6 million ($3.15 million) in Q3-16.

The compared generated net profits of AED 45.04 million in the first nine months of 2016, up 53.41% from AED 29.36 million in the same period of 2015.