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The financial results of Al Dhafra Insurance Company on Sunday showed a 66.7% rise in profits in the second quarter ended June 30, 2018.
The company posted a net profit of AED 18 million, compared to a net profit of AED 10.8 million in the corresponding quarter of 2017. Net claims declined to 10.6 million dirhams in the second quarter compared to 23 million dirhams in the second quarter of 2017. The company posted a net profit of AED 34.2 million for the first half of 2018, compared to a net profit of AED 19.7 million for the corresponding half of 2017. The company's financial results showed a profit of AED 51.5 million at the end of 2017 compared to a profit of AED 21.8 million at the end of 2016.
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