Abu Dhabi: Abu Dhabi National Insurance Company (Adnic) reported a net profit of Dh39 million for the first quarter in 2016, a growth of 670 per cent over the same period of last year. The company’s net profit was Dh5.1 million for the first quarter last year.
According to Adnic, net investment and other income was Dh22.5 million for the three month period ended March 31, compared to Dh25.9 million for the same period in 2015.
Ahmad Idris, CEO of Adnic said: “Over the past year, the Company has undertaken a series of initiatives, which has now set the foundation for Adnic to return to its traditional levels of profitability, with greater adaptability and stronger customer relationships.”
