UAE: ADNIC's net profit up 25% to US$49 mln in 2013
Source: Middle East Insurance Review | Apr 2014
ADNIC posted net profit of AED180.9 million (US$49.3 million) in 2013, up 25% y-o-y, thanks to strong growth resulting from good underwriting profits combined with effective cost and investment management. Earnings per share amounted to AED0.48 compared to AED0.39 in 2012.
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