Dubai – Mubasher: Takaful Emarat, the Dubai Financial Market (DFM)-listed company, on Monday reported a profit increase for the full-year 2018.
Net profits recorded AED 14 million last year, compared to AED 8 million in 2017, the company’s statement said.
Net income of the insurance company reached AED 87.7 million during the 12-month period ended last December, against AED 122 million in the prior year.
“We have had a strong year despite many challenging conditions. Net profit was in line with expectations following extraordinary costs associated with the acquisition. Looking ahead, we remain well positioned for future growth underpinned by the operational and strategic shifts we have made in our business model,” Mohammed Al Hawari, executive board member and managing director of Takaful Emarat, said.
