Currency rates from 03/10/2024
$1 – 12757.94
UZS – 0.14%
€1 – 14125.59
UZS – -0.92%
₽1 – 135.06
UZS – -1.29%
Search
Finance 12/05/2014 Net income of Alfa Invest makes up 701.137m soums in 1Q
Net income of Alfa Invest makes up 701.137m soums in 1Q
Tashkent, Uzbekistan (UzDaily.com) -- Insurance company Alfa Invest posted net income at the size of 701.137 million soums in the first quarter of 2014 against 1.171 billion soums in the same period of 2014.

Insurance premiums on direct insurance and co-insurance rose from 9.353 billion soums to 13.161 billion soums in the reporting period.

Net revenue of the insurer grew from 700.702 million soums to 3.209 billion soums in the reporting, according to accounting balance of the company.

The prime cost of rendered insurance services made up 1.304 billion soums in January-March 2014 against 926.199 million soums in the same period of 2013.

Alfa Invest’s expenses grew from 1.039 billion soums to 1.4 billion soums in the reporting period.

Income from financial activities rose from 160.179 million soums to 411.611 million soums in the reporting period. The expenses from financial activities fell from 282.993 million soums to 128.811 million soums in the reviewed period.

The insurance company increased its activity from 34.175 billion soums in the first quarter of 2013 to 29.41 billion soums in January-March 2014. The long-term assets rose from 12.275 billion soums in the first quarter of 2013 to 15.937 billion soums in the same period of 2014, current assets slipped to 13.477 billion soums to 18.9 billion soums.

Own capital of the company reached 12.39 billion soums in the first quarter of 2014 against 11.287 billion soums in January-March 2013. The charter capital exceeded 7.543 billion soums.

The insurance reserves rose from 13.578 billion soums to 25.22 billion soums in the reporting period The liabilities dipped to 2.203 billion soums from 9.993 billion soums in the reporting period.

Stay up to date with the latest news
Subscribe to our telegram channel