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Salama 2018: turnover increase, net profit decrease

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Magazine Issue: 
Poverty and natural disasters [3]
Magazine date: 
Apr 2019

SALAMAThe Emirati group Salama closes the year 2018 with a turnover of 1.062 billion AED (289.411 million USD) increasing by 31.55% over one year.

Despite this premium growth, the net profit decreased by 98.72% closing the year 2018 at 0.477 million AED (129 872 USD) compared to 37.509 million AED (10.212 million USD) in 2017.

Such a fall is due to a plunge in the financial products which recorded 62.088 million AED (16.905 million USD) in 2017 only to fall at 18.171 million AED (4.947 million USD) in 2018.

Read also | IGI: 2018 results [4]

Mon, 15/04/2019 - 15:15

Source URL: https://www.atlas-mag.net/en/article/salama-records-an-increase-in-turnover-and-a-decrease-in-net-profit-for-2018

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