Bupa Arabia: Rise in profit for the first semester 2019
According to a report published by the Tadawul stock exchange on August 6th, 2019 the Saudi leader health insurance Bupa Arabia has recorded a 64% increase in net profit before zakat (taxes).
The half-yearly profit that reached 310.2 million SAR (84.4 million USD) goes back to an 18.5% decline in provision for doubtful receivables in addition to a 37% increase in the financial products as well as a 23.2% rise in the underwriting results.
The report also showed that the rise in profit was hindered by a 13.2% increase in the operating expenses Bupa investments Overseas Limited, the UK-headquartered health insurer, owns 39.25% of the Saudi company.
Read also | Saudi Arabia insurance market
0
Your rating: None
Fri, 09/08/2019 - 13:10
The online magazine
Live coverage
17:25
14:13
11:55
09:39
04/23
Latest news