Al Mashriq Insurance Reports Audited Consolidated Earnings Results for the Six Months Ended June 30, 2018
Al Mashriq Insurance reported audited consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported earned insurance revenue was USD 12,390,351 against USD 10,631,763 a year ago. Net premium revenue was USD 11,396,123 against USD 10,053,664 a year ago. Net premium revenue after commission was USD 10,855,846 against USD 9,990,353 a year ago. Net income before tax was USD 2,018,453 against USD 1,804,697 a year ago. Net income after tax was USD 1,314,964 against USD 1,006,761 a year ago. Basic and diluted earnings per share were USD 0.270 against USD 0.180 a year ago. Net cash flow from operating activities was USD 565,987 against USD 713,453 a year ago. Purchase of property, plant and equipment was USD 272,301 against USD 138,320 a year ago.