Saudi: Alinma Tokio Marine’s accumulated losses hit 27% of capital

Saudi: Alinma Tokio Marine’s accumulated losses hit 27% of capital

The accumulated losses of AlinmaTokio Marine Company decreased to SAR 81.33 million as of 31 March 2023. The registered losses account for 27.11% of the SAR 300 million capital, according to a bourse disclosure. In the first quarter (Q1) of 2023, Alinma Tokio Marine posted a net income worth SAR 1.48 million, compared to SAR 7.21 million in Q1-22. Revenues edged up to SAR 78.16 million in Q1-23 from SAR 78.14 million during the same period a year earlier. The basic and diluted earnings per share (EPS) hit SAR 0.05 in the first three months (3M) of 2023, down from SAR 0.24 in 3M-22. Last year, the Saudi firm secured a group credit insurance deal with Alinma Bank at a value of SAR 27.87 million. Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (Syndigate.info).