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ARABIAN SCANDINAVIAN INSURANCE COMPANY (PLC) - TAKAFUL - ASCANA INSURANCE

(ASCANA)
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Arabian Scandinavian Insurance Company plc - Takaful - Ascana Insurance Reports Earnings Results for the Second Quarter Ended June 30, 2021

08/11/2021 | 12:53am EDT

Arabian Scandinavian Insurance Company PLC - Takaful - ASCANA Insurance announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net loss was AED 1.539 million compared to net income of AED 13.101 million a year ago. Basic loss per share from continuing operations was AED 0.01 compared to basic earnings per share from continuing operations of AED 0.09 a year ago. For the half year, net income was AED 3.373 million compared to AED 22.717 million a year ago. Basic earnings per share from continuing operations was AED 0.02 compared to AED 0.15 a year ago.


ę S&P Capital IQ 2021
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Financials
Sales 2020 112 M 30,5 M 30,5 M
Net income 2020 29,4 M 8,00 M 8,00 M
Net cash 2020 149 M 40,5 M 40,5 M
P/E ratio 2020 9,96x
Yield 2020 5,26%
Capitalization 270 M 73,4 M 73,4 M
EV / Sales 2019 1,66x
EV / Sales 2020 1,28x
Nbr of Employees 68
Free-Float 16,5%
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Managers and Directors
Ahmed Mohammed Amin Al-Kazim Vice Chairman & Managing Director
N. Sunil Kumar Finance Manager
Butti bin Maktoom bin Juma Al-Maktoum Chairman
Mohammad Ameeruddin Manager-Information Technology
Khaled Habib Mohammed Habib Al-Redha Independent Non-Executive Director