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 CORPORATE NEWS

Un-audited results for the 1st Half ended 30th June 2011
Jul 17, 2011    

In compliance with Article (3) of Disclosure Rules issued by CMA, the management of Oman United Insurance Company SAOG, is pleased to disclose the preliminary summarized un-audited results for the 1st Half ended 30th June 2011, as following:

 

 

 

 

           Values in (RO)

Particulars

30-Jun-11

30-Jun-10

Change%

Gross Written Premium 

17,001,737

11,168,645

52.2

Gross Underwriting Results

1,580,557

934,260

69.2

Realized Investment Income

1,431,841

1,287,936

11.2

Unrealized Profit / (loss) investment 

-970,057

-186,964

418.8

Total Investment and Other Income 

461,784

1,100,972

-58.1

Management Expenses

-1,371,773

-1,365,400

0.5

Net Profit After Income Tax

548,671

613,252

-10.5

Earnings per Share EPS

0.005

0.006

-16.7

Net Asset Value per share

0.193

0.181

3.2

 

 

 

 

Note:

 

 

  • The above results are preliminary and subject to Statutory Auditor’s review and approval of Audit Committee and Board of Directors.

     

Nassir Bin Salim Al Busaidi

 

 

Managing Director/ Spokes Person

 

 

 

 

 

 

 

 

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