The Gulf Union Insurance and Reinsurance Company (GUIRCO) has announced its interim statement of financial position and statement of comprehensive income for the period ended June 30, 2024.
The company reported a net profit of BD757,490 as compared with BD905,148 on June 30, 2023, representing a decrease of 16 per cent, primarily due to the increase in insurance service costs, particularly those related to claims following the heavy rains in Bahrain .
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