Union Assurance Ltd has posted a mammoth 227 percent growth in net profits for the first six months ending June 2003.
Post tax profits for the period rose to Rs. 61.4 mn as against Rs. 18.8 mn in 2002.rn
rnConsolidated Revenue grew 16.3 percent to Rs. 1.07 bn during the period under review.rn
rnUALs total investment portfolio went up by 23 percent to Rs. 3,164.5 mn. Despite a gradual drop in interest rates, portfolio investment income increased by 25 percent in the half year.rn