Bupa Arabia Q1 profit edges up 5.7% to SAR 380.2 mln

Bupa Arabia for Cooperative Insurance Co. reported a 5.7% increase in first-quarter net profit after zakat and income tax to SAR 380.2 million, up from SAR 359.4 million in the same period last year.

The company said net insurance profit rose 9% to SAR 351.2 million, compared with SAR 321.6 million a year earlier.

Shareholders’ equity (excluding non-controlling interests) reached SAR 5.5 billion, up 11.4% from SAR 4.9 billion last year.

Earnings per share rose to SAR 2.55 from SAR 2.40.