March 24, 2020 / 5:43 AM / 15 days ago

BRIEF-Allied Cooperative Insurance Group FY Pre-Zakat Profit Rises

March 24 (Reuters) - ALLIED COOPERATIVE INSURANCE GROUP :

* FY NET PROFIT OF SHAREHOLDERS CAPITAL INVESTMENT 4.7 MILLION RIYALS VERSUS LOSS OF 3.2 MILLION RIYALS YEAR AG

* FY NET PROFIT BEFORE ZAKAT 7.1 MILLION RIYALS VERSUS 2.4 MILLION RIYALS YEAR AGO

* FY GROSS WRITTEN PREMIUMS 529.4 MILLION RIYALS VERSUS 500 MILLION RIYALS YEAR AGO

* FY SAW INCREASE IN NET PREMIUMS EARNED BY 7%

* FY SAW DECREASE IN POLICY ACQUISITION COST BY 15 % Source:(bit.ly/2UvB6uz) Further company coverage:

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