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Thndr Claps » Saudi Claps » Earnings 📈 » Bupa Arabia profits fall🏥

Bupa Arabia profits fall🏥

by Shams Abbas
August 4, 2022
بوبا العربية، تداول السعودية، كلابس

The Clap
Bupa Arabia’s profits fell by 10.9% in Q2-2022 for insurance company Bupa Arabia. 

The Deets
The company explained that the decline in its profits is due to an increase in net claims compared to Q2-2021. Because of the Coronavirus shutdown, claims had been at an exceptionally low level. 

Net claims rose by 534.32 million riyals compared to Q2-2021, a year-over-year increase of 26.1%. 

Why this Matters
Bupa Arabia reported an increase in its operating expenses, which reached 22.14 million riyals.  

This amounts to a year-over-year increase of 13.7%.

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