Amana Takaful surges to strong post tax profit for the first 9 months
View(s):Amana Takaful PLC, amidst challenging conditions and a prevailing pandemic in the country, has posted a Group Profit After Tax of Rs. 203.48 million for the nine months ending September 2020, a turnaround as opposed to the Net Loss recorded during the same period in 2019.
The turn-around is attributed to a strategic realignment of its portfolio and a business re-engineering process focused towards raising the bar on service levels, efficient and speedy settlement of claims and the commitment and dedication of its employees. The company also reviewed and rationalized costs during the period resulting in a reduction by a sizable 26.5%, the company said in a media release
Amana Takaful Maldives recorded a Profit After Tax for the nine months ending September 2020 which is a growth of 42% when compared to the same period last year.