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Al Mashriq Insurance Company (MIC) realizes a loss of $0.56 million in the first half of 2010

2010-08-16

Al Mashriq Insurance Company (MIC) disclosed its semi- annual financial statements for the first half of 2010, and the company’s financial results as of 30/06/2010 indicated a pretax loss of $ 0.56 million compared to pretax income of $1.03 million in the first half of 2009. The company’s assets reached $ 16.89 million at the end 30/06/2010 after they reached $ 18.12 million on 31/12/2009. Total liabilities reached $ 15.89 million at the end of the first half of 2010 compared to $ 16.32 million as of 31/12/2009. Shareholders’ equity reached $ 1.00 million on 30/06/2010 after they reached $ 1.80  million at the end of 2009.