Dubai – Mubasher: Takaful Emarat – Insurance turned to profitability during the fiscal year 2019, according to a bourse statement.
The company reported a net profit of AED 14 million last year, against a net loss of AED 38 million a year earlier.
Revenue dropped to AED 599 million in 2019, compared to AED 606.2 million in 2018.
Takaful’s total assets plummeted to AED 979.2 million from January to the end of December 2019, in comparison with AED 1.1 billion the year before.
