Abu Dhabi-Mubasher: Al Buhaira National Insurance Co. (ABNIC) reported a 15.7% profit decline to AED 43.3 million ($11.8 million) in the first nine months of 2015, compared to AED 51.4 million in the same period of 2014, according to a bourse filing on Sunday.
In the third quarter of 2015, profits dropped 52.71% to AED 9.6 million compared to AED 20.3 million in Q3-14.
ABNIC reported a 9.6% rise in its net profits for the first half of the year to AED 34 million, compared to AED 31 million in the same period of 2014.
