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Nicoz Diamond records 52% operating profit

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Nicoz Diamond Insurance Limited group recorded a 52% jump in operating profit to $1.86 million due to 15% savings operating expenses and top line growth in their first half results for the year. Nicoz Diamond’s earned premiums and gross premium written grew 3% and 2% respectively. GPW was $22.85 million for the half of 2016 from $22.40 million realize in the same period last year. However the company had a decline in profit after tax of 8% to $1.2 million in the period under review from $1.31 million. – Newsday

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