Abu Dhabi – Mubasher: Abu Dhabi National Takaful Company (Takaful) on Sunday reported a 267% increase in net profit during the fourth quarter of 2017, soaring to AED 12.48 million, compared to AED 3.4 million in the year-ago period.

The company’s net profit surged 23.51% to AED 59.78 million in 2017 from AED 48.4 million a year earlier, according to a filing to the Abu Dhabi Securities Exchange (ADX).

The ADX-listed firm’s operating profit nearly doubled to AED 127.8 million in the previous year against AED 77 million a year earlier, Takaful’s data showed.