Reference to Bupa Arabia announcement dated 20/07/2010 on TADWUL regarding its second quarter financial results, the company would like to amend its previous announcement for point number 12 as follows
The improvement in results in the second quarter of 2010, compared to the first quarter of 2010, is mainly due to the increase in earned premiums. The loss for the six month period to 30th June 2010 increased compared to the same period of the previous year due to an increase in selling and marketing costs by 39% and an increase in general and administrative by 30% and decrease in investment income by 80%. There is a loss for the three month period to 30th June 2010 compared to a profit for the same period of the previous year due to an increase in selling and marketing costs by 85% and decrease in investment income by 86%.