Beema records 111 percent growth in net profit
October 24, 2013 - 8:41:24 am
DOHA: The Board of Directors of Daman Islamic Insurance Company (Beema) has approved the financial statements of the Company for the nine months ended September 30, 2013. Announcing the financial results, Beema Chairman Sheikh Jassim bin Hamad bin Jassim bin Jabor Al Thani said the Company’s net profit has crossed QR40m during the period, up 111 percent compared with the same period last year. Income from investment increased 154 percent during the period.
The premium collection of the company recorded more than QR160m, up 24 percent, compared with the corresponding period in 2012. Sheikh Jassim noted the portfolio of shareholders recorded 119 percent growth in the profit against the same period of 2012. “What has been achieved during the past nine month is a good step forward and it is encouraging us for more success at the end of the year 2013”, he said.