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    OMAN UNITED INSURANCE

     The preliminary summarized un-audited results for the six months period ended 30th June 2015

    Jul 14, 2015 09:05 AM

    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 six months period ended 30th June 2015, as following:

     

               Values in (RO)

    Particulars

     

    30th June 2015

     

    30th June  2014

     

    Change%

    Gross   Written Premium

    22,400,955

    24,265,230

    -7.7

    Gross   Underwriting Results

    2,960,965

    2,944,618

    +0.6

    Investment   and Other Income (Realized)

    2,377,692

    1,835,401

    +29.5

    Unrealized Investment (loss)/   income

    (176,854)

    (198,683)

    -11.0

    Net Investment Income

    2,200,838

    1,636,718

    +34.5

    Management Expenses

    1,700,032

    1,594,020

    +6.7

     Profit for the period (before income tax)

    3,461,771

    2,987,316

    +15.9

    Provision for income tax

    267,914

    274,453

    -2.4

    Net   Profit for the period (after income tax)

    3,193,857

    2,712,863

    +17.7

    Earnings   per Share (EPS)

    0.032

    0.027

    +17.7

    Net   Asset Value per share

    0.265

    0.254

    +4.3

     

    Note:

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

    Nassir Bin Salim Al Busaidi

    Managing Director/ Spokes Person

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