Salama Insurance says losses down to 72.8% of capital after February

11/03/2015 Argaam

Salama Cooperative Insurance Company said on Wednesday that its accumulated losses dropped to SAR 72.77 million or 72.8 percent of its capital, after it reported a net profit of SAR 279,000 for February.

At the end of January, the insurer said it had accumulated SAR 73.53 million in losses, representing 73.5 percent of its capital.

Accumulated Losses

Feb. 2015

Period

100

Capital (SAR mln)

(72.77)

Accumulated losses (SAR mln)

72.8%

Accumulated losses %

 

Company’s Profit (January-February)

2015

Period

449

Net profit (SAR mln)

10

Number of shares (mln)

0.04

EPS (SAR)

 

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