Business / Companies
ZHL bounces back to profitability
14 Sep 2015 at 06:49hrs | Views
ZIMRE Holdings Limited has recorded a profit of $1,1 million for the half year ended June 30, 2015 attributed to a decline in net claims.
The profit was achieved after a loss of $50 000 during the same period last year.
Kumalo said the contribution of the domestic insurance and reinsurance operations to gross premium written was maintained at 53%. Operating profit was maintained at $1,6 million.
Total comprehensive income was a positive $1,2 million in 2015 compared to a negative $700 000 in 2014.
Source - newsday