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RIYADH: Four companies listed in the Saudi insurance sector announced Sunday their financial results for the second quarter and the first half of 2019.
The combined profits of the four companies reached 27.47 million riyals in the second quarter of this year, against 22.57 million riyals for the same period in 2018, an increase of 21.7%.
The total business profits in the first half of 2019 amounted to 54 million riyals, compared with 44.35 million riyals for the first half of last year, an increase of 21.92% .
The increase in profits of consolidated companies, with direct support from AXA Cooperative, which reported a net profit of 30.47 million SAR for the second quarter of 2019, against 24.11 million SAR for the same period of 2018, up 26.37%.
Seiko came in second with a net profit of 4.04 million riyals for the second quarter of this year, compared to about 415,000 riyals for the same quarter last year, the company's profits jumped to 874%.
On the other hand, Inmaa Tokyo increased its losses in the second quarter of 2019 to about 10 million riyals, against 9.3 million riyals during the corresponding period, the losses having increased by 8.3%.
appointments:
Operating profit up 15% in the second quarter
Qbadim Cement increases by 283% in the second quarter
Arab Cement transforms selling prices to ensure profitability in the second quarter of 2019
Rabah "Al Othaim Markets" lost 21% in the second quarter due to rising costs
"Ceramic" reduced its losses by 65% in the second quarter of 2019
Profit for "fitness time" increases by 15% in the second quarter of revenue growth
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