Saudi Indian Company for Cooperative Insurance Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
July 26, 2016 at 11:42 pm IST
Saudi Indian Company for Cooperative Insurance reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported that net profit before zakat was SAR 4,482,000 compared to SAR 774,000 a year ago. Net written premiums were SAR 139,806,000 compared to SAR 129,664,000 a year ago.
For the year, the company reported that net profit before zakat was SAR 40,942,000 or SAR 1.99 loss per share, compared to SAR 5,602,000 or SAR 0.33 per share a year ago. Net written premiums were SAR 310,345,000 compared to SAR 211,352,000 a year ago.