Gulf Union Co-Operative Insurance Co. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015
January 22, 2016 at 07:58 pm IST
Gulf Union Co-Operative Insurance Co. reported earnings results for the fourth quarter and full year ended December 31, 2015. The company has reported that net profit before zakat for the fourth quarter ended December 31, 2015 was SAR 6.96 million, compared to a net loss before zakat of SAR 1.88 million for the same quarter ended December 31, 2014. Net written premiums for the fourth quarter ended December 31, 2015 were SAR 21.16 million, compared to SAR 24.68 million for the same quarter ended December 31, 2014.
The company net profit before zakat for the year ended December 31, 2015 was SAR 13.20 million, or SAR 0.32 per share, compared to a net loss before zakat of SAR 6.29 million, or SAR 0.09 loss per share, for the year ended December 31, 2014. Net written premiums for the year ended December 31, 2015 were SAR 99.65 million, compared to SAR 9186.56 million for the year ended December 31, 2014.