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      OMAN UNITED INSURANCE

       Preliminary summarized un-audited results for the three months period ended 31st March 2016

      Apr 14, 2016 03:35 PM

      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 three months period ended 31st March 2016, as following:

       

                 Values in (RO)

      Particulars

       

      31st  March 2016

       

      31st   March  2015

       

      Change%

      Gross Written Premium

      12,176,680

      12,306,363

      -1.1

      Gross Underwriting Results

      1,877,851

      1,523,206

      +23.3

      Investment and Other Income (Realized)

      1,303,061

      1,048,013

      +24.3

      Unrealized Investment (loss)/ income

      315,344

      (504,675)

      +162.5

      Net Investment Income

      1,618,405

      543,338

      +197.9

      Management Expenses

      (937,224)

      (868,413)

      +7.9

       Profit for the period (before income tax)

      2,559,032

      1,198,131

      +113.6

      Provision for income tax

      (228,796)

      (144,306)

      +58.5

      Net Profit for the period (after income tax)

      2,330,236

      1,053,825

      +121.1

      Other comprehensive (Loss)Income  :

       

       

       

      Available for sale investments fair value (loss) /gain

      (360,189)

      (165,273)

      +117.9

      Total comprehensive income for the period

      1,970,047

      888,552

      +121.7

      Earnings per Share (EPS)

      0.023

      0.011

      +121.1

      Net Asset Value per share

      0.261

      0.248

      +5.2

       

      Note:

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

       

      Nassir Bin Salim Al Busaidi

      Managing Director/ Spokes Person

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