Al Mashriq Insurance Reports Earnings Results for the Quarter Ended March 31, 2018
Al Mashriq Insurance reported earnings results for the quarter ended March 31, 2018. For the quarter, Earned insurance revenue was $6,283,890 against $5,269,394 a year ago, Net premium revenue was $5,659,884 against $4,937,587 a year ago. Net premium revenue after commission was $5,376,110 against $4,899,912 a year ago. Net insurance profit before investment income and general and administrative expenses was $2,413,347 against $1,964,528 a year ago. Net income before tax was $1,216,850 against $396,403 a year ago. Net income after tax was $920,367 against $311,501 a year ago. Net cash flow from operating activities was $249,918 against $642,671 a year ago. Purchase of property, plant and equipment was $124,075 against $56,618 a year ago.