Al Rajhi Takaful net profit plummets 71.2 per cent
Al Rajhi Takaful posted a net profit of SAR 1,477 thousand for the last quarter of 2012. Compared to that, the net profit for the corresponding period in 2011 was SAR 5,125 thousand, which marks a decrease of 71.2%. The net profit before Zakat is SAR 2,118 thousand for Q4 2012, contrasting with profit before Zakat of SAR 5,125 thousand for the same period in 2011, thus reaching a decrease of 58.7%. There is a 55.2% difference in net profit after Zakat betwen Q3 and Q4 in favour of the former. In Q4 it was SAR 3,294 thousand.
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