Riyadh – Mubasher: Allianz Saudi Fransi Cooperative Insurance Company posted a year-on-year (YoY) decrease of 89.6% in net losses before Zakat at SAR 1.06 million during the third quarter (Q3) of 2021 from SAR 10.3 million.
On a quarterly basis, the insurance firm turned to losses against profits worth SAR 3.78 million in Q2-21, according to the initial financial results on Monday.
During the first nine months of 2021, Allianz Saudi Fransi turned to net profits worth SAR 7.46 million against losses totalling SAR 14.88 million in the same period last year.
Earnings per share stood at SAR 0.004 at the end of September this year, versus a loss per share of SAR 0.43 in the same period in 2020.
