LOC14:47
11:47 GMT
The Gulf Insurance Group
KUWAIT, Feb 13 (KUNA) -- The Gulf Insurance Group on Saturday reported net profits of KD 14.09 million (USD 46.9 million) for the fiscal year ending on December 31st, 2015; 78.60 fils per share.
The profits showed a rise of 17 percent compared with last year's profits of KD 12 million, the group said in a statement.
Shareholders' equity went up by 6 percent in 2015, or KD 5.4 million, up to KD 89.6 million, compared with KD 84.2 million in 2014, it added.
The group's net profits of investment and revenues hit KD 12.3 million (USD 40.09 million), up by 6.0 percent over last year's figure, according to the statement.
Its assets hiked to USD 368.4 million (USD 1.2 billion), up 6.1 percent, compared with the FY ending on December 31st, 2014, it pointed out. (end)
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