Abu Dhabi – Mubasher: AXA Green Crescent Insurance (GCIC) trimmed its losses by 72.4% year-on-year in the fourth quarter of 2016, according to a bourse statement.
Losses reached AED 1.71 million ($465,000) in Q4-16, compared to AED 6.2 million ($1.68 million) in Q4-15.
In 2016, losses declined by 3.8% to AED 14.8 million from AED 15.4 million in 2015.
