Abu Dhabi – Mubasher: Al Dhafra Insurance Company announced that Q4-15 losses deepened 284% year-over-year.
The preliminary losses reached AED61.7 million ($16.8 million), compared to AED16.05 million ($4.4 million) in 2014. The company also registered AED61.4 million as FY15 net losses, compared AED42.4 million a year ago.
In addition, profits for the first nine month of 2015 dropped 99.6% to AED247,650.
On the last trading session, 28 April, the company closed lower 8.9% to AED4.8, trading 4,200 shares worth AED20,200.
