BAKU, Azerbaijan, December 6. The Iran Day Insurance Company been showing increased results in terms of net income, the company's head of the financial affairs department Mohammad Abdulazimi said, Trend reports.
In particular, he said that the company's net income has doubled in the first half of the current Iranian year (March 21 through September 22, 2023), which is more than the company earned for the entire preceding year (March 21, 2022 through March 20, 2023).
In 6 months of the current year, the net profit of the company stood at 762 billion rials (about $18.1 million), Abdulazimi said. He added that the company's gross income also doubled during the mentioned period and amounted to 8.07 trillion rials (about $192 million).
The official also pointed out that the company's current capital is 5.95 trillion rials (about $142 million).
After approval by Securities and Exchange Organization of Iran and Central Insurance of Iran, the company's capital should increase to 9.5 trillion rials (about $226 million) in the first stage, and to 20 trillion rials (about $477 million) in the second stage.
Day Insurance Co. (Public Joint Stock) was established in February 2005, by getting official license from Iran central insurance and High Council of Insurance, registered in company registration general office, in order to provide insurance services.
---
Follow the author on X (Twitter):@BaghishovElnur