Union Assurance reports steady 3Q progress

Friday, 12 November 2010 19:57 -     - {{hitsCtrl.values.hits}}

Union Assurance PLC reported positive results in both turnover and profits for the nine months ended 30 September 2010.

General and life insurance premiums increased by 9% from Rs. 4.4 billion to Rs. 4.8 billion for the nine months ended 30 September 2010 compared to the same period of the previous year.

This was mainly due to the increase in life insurance premiums which grew by 19% from Rs. 2 billion in 2009 to Rs. 2.4 billion in 2010. General insurance premiums recorded a marginal growth of 0.3% compared to the previous year.

 

Profit before taxation increased by 20% from Rs. 169 million as at September 2009 to Rs. 202 million as at September 2010.

Profit after tax also increased by 8% from Rs. 133 million in September 2009 to Rs. 144 million in September 2010.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.

COMMENTS

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.