GasanMamo makes Lm2.2m pre-tax profit
GasanMamo Insurance made a pre-tax profit of Lm2,235,652 in the year which ended on December 31, 2006. Shareholders' funds climbed to Lm5,779,213.Albert P. Mamo, managing director, said the company had continued to consolidate its position as one of...
GasanMamo Insurance made a pre-tax profit of Lm2,235,652 in the year which ended on December 31, 2006. Shareholders' funds climbed to Lm5,779,213.
Albert P. Mamo, managing director, said the company had continued to consolidate its position as one of the foremost insurance companies in Malta.
"The results give us confidence for the future," he said, pointing out that the investment portfolio is now at Lm11.6 million, compared to Lm10.4 million at the end of 2005, whereas total assets are now at Lm16.3 million, up from Lm 15.2 million at the end of the previous year.
Mr Mamo said the company would continue to build on its customer service and product portfolio, as evidenced with the recent launching of Sana Healthcare.
Albert P. Mamo, managing director, said the company had continued to consolidate its position as one of the foremost insurance companies in Malta.
"The results give us confidence for the future," he said, pointing out that the investment portfolio is now at Lm11.6 million, compared to Lm10.4 million at the end of 2005, whereas total assets are now at Lm16.3 million, up from Lm 15.2 million at the end of the previous year.
Mr Mamo said the company would continue to build on its customer service and product portfolio, as evidenced with the recent launching of Sana Healthcare.