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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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