AGL39.24▼ -0.12 (0.00%)AIRLINK204.45▲ 3.55 (0.02%)BOP10.09▼ -0.06 (-0.01%)CNERGY6.91▲ 0.03 (0.00%)DCL8.85▲ 0.08 (0.01%)DFML49.12▲ 3.38 (0.07%)DGKC104.69▲ 2.64 (0.03%)FCCL34.83▲ 0.74 (0.02%)FFL17.21▲ 0.23 (0.01%)HUBC137.4▲ 5.7 (0.04%)HUMNL13.82▲ 0.06 (0.00%)KEL4.91▲ 0.1 (0.02%)KOSM6.7▲ 0 (0.00%)MLCF44.31▲ 0.98 (0.02%)NBP61.87▼ -0.42 (-0.01%)OGDC221.91▲ 3.16 (0.01%)PAEL42.97▲ 1.43 (0.03%)PIBTL8.59▼ -0.06 (-0.01%)PPL190.6▲ 3.48 (0.02%)PRL43.04▲ 0.98 (0.02%)PTC25.04▲ 0.05 (0.00%)SEARL106.41▲ 6.11 (0.06%)TELE9.14▲ 0.03 (0.00%)TOMCL34.58▼ -0.21 (-0.01%)TPLP13.11▲ 0.18 (0.01%)TREET23.38▲ 0.33 (0.01%)TRG68.13▼ -0.22 (0.00%)UNITY33.08▲ 0.42 (0.01%)WTL1.87▲ 0.01 (0.01%)

Monday, January 20, 2025

Home Islamic Aljazira Takaful records 53.5% drop in Q1-23 net profits

Aljazira Takaful records 53.5% drop in Q1-23 net profits

by News desk
July 7, 2023
in Islamic

[tta_listen_btn]

The net profits before Zakat of Aljazira Takaful Taawuni Company reached SAR 7.90m in the first quarter (Q1) of 2023, marking a year-on-year (YoY) plunge of 53.48% from SAR 16.98 million.

The insurance firm registered gross written premiums (GWP) valued at SAR 75.24 million in Q1-23, up 17.41% from SAR 64.08m in Q1-22, according to the interim financial results. Earnings per share (EPS) stood at SAR 0.13 during January-March 2023, lower than SAR 0.30 in the year-ago period.

Meanwhile, the insurance revenue hiked by 58.23% YoY to SAR 78.93 million in Q1-23 from SAR 49.88 million.—Zawya News